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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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217-241 Park Ave , West Springfield, MA 01089
$2,100,000
Est. Payment: $4,666.67/mo
0 Bed
0 Bath
23554 Sqft
Status: Active | Days on site: 962
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AN8977 - CN227113
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Unique investment opportunity in downtown West Springfield. The Park Tower site is a prime commercial real estate package available for sale with a partial leaseback. 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 luxurious office space, 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. The 4th floor was recently leased to the local chapter of a national trade organization. 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.
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Highlights

Listed by Paul Bongiorni , 413-459-0570 Pioneer CRE , 413-312-9299.

Property Type

Commercial Sale
Lot/Acreage
1.29

Year Built

1974

County

Hampden

Listing ID

73197300

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Legal Conforming
Principal Interest
$4,667
Taxes
$6,563

Home Price

$2,100,000

Loan Details

30 yrs
%

Down Payment

20%
$420,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,666.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,666.67 $6,563.25 $0.00 $11,229.92
Yearly $56,000.00 $78,759.00 $0.00 $134,759.00
Total $1,680,000.00 $2,362,770.00 $0.00 $4,042,770.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (West Springfield, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.