217-241 Park Ave West Springfield, MA ^$ 2,450,000

217-241 Park Ave

^$ 2,450,000

Back to search

217-241 Park Ave

West Springfield, MA, 01089

^$ 2,450,000

Studio Baths0.0 Sq 23,554

Monthly Estimate*

^$ 17,114

217-241 Park Ave, West Springfield, MA 01089 - Image 1

217-241 Park Ave, West Springfield, MA 01089 - Image 2

217-241 Park Ave, West Springfield, MA 01089 - Image 3

217-241 Park Ave, West Springfield, MA 01089 - Image 4

217-241 Park Ave, West Springfield, MA 01089 - Image 5

217-241 Park Ave, West Springfield, MA 01089 - Image 6

217-241 Park Ave, West Springfield, MA 01089 - Image 7

217-241 Park Ave, West Springfield, MA 01089 - Image 8

217-241 Park Ave, West Springfield, MA 01089 - Image 9

217-241 Park Ave, West Springfield, MA 01089 - Image 10

217-241 Park Ave, West Springfield, MA 01089 - Image 11

217-241 Park Ave, West Springfield, MA 01089 - Image 12

217-241 Park Ave, West Springfield, MA 01089 - Image 13

217-241 Park Ave, West Springfield, MA 01089 - Image 14

217-241 Park Ave, West Springfield, MA 01089 - Image 15

217-241 Park Ave, West Springfield, MA 01089 - Image 16

217-241 Park Ave, West Springfield, MA 01089 - Image 17

217-241 Park Ave, West Springfield, MA 01089 - Image 18

217-241 Park Ave, West Springfield, MA 01089 - Image 19

217-241 Park Ave, West Springfield, MA 01089 - Image 20

217-241 Park Ave, West Springfield, MA 01089 - Image 21

217-241 Park Ave, West Springfield, MA 01089 - Image 22

217-241 Park Ave, West Springfield, MA 01089 - Image 23

217-241 Park Ave, West Springfield, MA 01089 - Image 24

217-241 Park Ave, West Springfield, MA 01089 - Image 25

217-241 Park Ave, West Springfield, MA 01089 - Image 26

217-241 Park Ave, West Springfield, MA 01089 - Image 27

217-241 Park Ave, West Springfield, MA 01089 - Image 28

217-241 Park Ave, West Springfield, MA 01089 - Image 29

217-241 Park Ave, West Springfield, MA 01089 - Image 30

217-241 Park Ave, West Springfield, MA 01089 - Image 31

217-241 Park Ave, West Springfield, MA 01089 - Image 32

217-241 Park Ave, West Springfield, MA 01089 - Image 33

217-241 Park Ave, West Springfield, MA 01089 - Image 34

Studio

Commercial Property for sale in West Springfield, MA

for $2,450,000. This 23,554 square foot building was built in 1974 on a lot size of 1.29.

Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale, with a leaseback of approximately 14% of the building area to KeyBank. The sale includes a prominent 5-story office tower and a single-story office building, spread across four parcels. Park Tower (225 Park Ave.) features multiple floors of readily available and luxurious office space, including a boardroom and several kitchens, along with a two-lane drive-through/ATM. The tower is +/- 17,670 net SF. KeyBank will lease back their existing first floor branch, which was recently renovated, as well as a small portion of the 3rd floor. Adjacent to the tower is a vacant, single-story +/- 5,884 SF commercial building (229 Park Ave.) which could be suitable for a variety of uses. Located minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the Big E, and area highways. Corner lot with great traffic counts and visibility.

Commercial Active

Price

^$ 2,450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 78,759

Style

Commercial

Lot Size

1.29

Year Built

1974

Town/City

West Springfield

County/Region

Hampden

MLS | Web ID

73197300

List By

Paul Bongiorni

Listing Agent

Sr Commercial Realty

Broker

Affordability Calculator

$23,677

Per Month

Monthly Principal & Interest: $17,114
Monthly Property Taxes: $6,563
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends

Commerical listings in West Springfield, MA

Average List Price ^$1,818,322

Percent of Sale Price 26%

About West Springfield, MA

28,306 Population

1% Since 2002

^$51,741 Median Income

41.95 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

MLS Property Information Network, Inc rules require that you sign in here to see more detail on this property.

Pricing History

Date	Price	Price Change	Description
5/3/2024	$2,450,000	-5.77%	Price Down
1/29/2024	$2,600,000		Listed Price

Map

More homes like this one

homes for you

See all

217-241 Park Ave, West Springfield, MA, 01089 is a Commercial Property for sale at $2,450,000 with 23,554 sqft and a lot size of 1.29. 217-241 Park Ave is a studio with 0.0 baths and was built in 1974. The property's zip code is 01089 which is in West Springfield, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/14/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

217-241 Park Ave

Commercial Property for sale in West Springfield, MA

Affordability Calculator

Neighborhood & Schools

Map

More homes like this one

Get more info about this home