Overview

Description

Presenting a 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 a portion of the site to KeyBank. This offering includes two distinct buildings, 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. 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 office or possible retail building (229 Park Ave.). This building provides flexibility to accommodate a range of business operations.

Strategically located on a corner lot, this package benefits from a high-traffic area, ensuring visibility and accessibility for both clients and employees. The site is minutes from downtown Springfield, the Riverdale St./Rt. 5 retail corridor, the popular Eastern States Exposition fairgrounds/Big E, and all area highways including the MA Pike.

With an attractive leaseback to a national tenant and the inclusion of four separate parcels, this diversified opportunity provides a stable source of income for the new owner while allowing for ongoing leasing of vacant spaces or redevelopment.

Highlights

• Four separate parcels included (217, 225, 229, and 241 Park Ave.)
• Corner lot at signalized intersection
• Near city hall and municipal buildings
• Close to The Eastern States Expo, the largest agricultural event on the eastern seaboard and the 5th largest fair in the US
• Close to downtown Springfield and area highways
• Ample parking
• Sale/leaseback to national bank
• Elevator in tower

Location

Gallery