225 Park Ave

225 Park Ave, West Springfield, MA 01089

  • For Sale $2,600,000
  • Property Type Office
  • Property Size 23,554 SF
  • Lot Size 1.29 Acre
  • Zoning BA-1
  • # of Floors 5
  • Parking Spaces Avail. 71
  • Parking Ratio 3.01 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Date Updated Jan 29, 2024

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.

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Contacts

broker

Paul Bongiorni

SR Commercial Realty

Realtor

(413) 459-0570

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City West Springfield, MA
  • Neighborhood Merrick
  • Zip Code 01089
  • Market Worcester Springfield

Points of Interest

  • Springfield

    1.48 miles

  • Holyoke

    7.03 miles

  • Citgo

    0.86 miles

  • Tesla Supercharger

    1.89 miles

  • Nouria

    2.21 miles

  • Pride

    2.38 miles

  • Shell

    3.86 miles

  • Pride

    3.98 miles

  • Big Y Express

    4.79 miles

  • Shell

    5.01 miles

  • Stop & Shop Gas

    5.50 miles

  • Pride

    5.53 miles

  • Union Station Parking Garage

    1.37 miles

  • I-91 North Parking Garage

    1.44 miles

  • Columbus Center Parking Garage

    1.47 miles

  • I-91 South Parking Garage

    1.59 miles

  • Daly Garage

    1.68 miles

  • Civic Center Parking Garage

    1.73 miles

  • MGM Springfield Oversized Parking

    1.77 miles

  • Museum Parking

    1.81 miles

  • MGM Springfield Parking Garage

    1.83 miles

  • Skyview Downtown Garage

    1.85 miles

  • La Quinta Inn & Suites Springfield

    1.44 miles

  • Tower Square Hotel

    1.53 miles

  • Naomi's Inn

    1.54 miles

  • Sheraton Springfield Monarch Place Hotel

    1.58 miles

  • Holiday Inn Express

    1.87 miles

  • MGM Springfield Hotel

    1.87 miles

  • Hilton Garden Inn Springfield

    2.12 miles

  • Hampton Inn & Suites Springfield/Downtown

    2.17 miles

  • Hanna Manor

    2.17 miles

  • Red Roof Inn

    2.42 miles

  • Mamma Mia Pizza

    0.33 miles

  • Dunkin' Donuts

    0.36 miles

  • Subway

    0.79 miles

  • McDonald's

    0.85 miles

  • McDonald's

    1.06 miles

  • McDonald's

    1.09 miles

  • Village Pizza & Restaurant

    1.09 miles

  • 141 Main Street

    1.16 miles

  • Dunkin' Donuts

    1.24 miles

  • Dunkin' Donuts

    1.32 miles

  • Cowing School

    0.15 miles

  • Philip G. Coburn Elementary School

    0.28 miles

  • Memorial Elementary School

    0.46 miles

  • Montessori Childrens School

    0.53 miles

  • May Center School for Autism and Developmental Disabilities

    0.67 miles

  • Mittineague Elementary School

    0.88 miles

  • Main Street School

    0.90 miles

  • Saint Thomas the Apostle School

    1.01 miles

  • Chestnut Accelerated Middle School

    1.07 miles

  • Milton Bradley Elementary School

    1.11 miles

  • YMCA Child Care

    6.95 miles

Frequently Asked Questions

What is the lease rate for 225 Park Ave?

Rental asking rate at 225 Park Ave is $1,300,000.00/YR.

What is the total square footage of 225 Park Ave?

225 Park Ave totals 23,554 square feet.

When was this property built?

225 Park Ave was built in 1974.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Paul Bongiorni

SR Commercial Realty

Realtor

(413) 459-0570