$2,450,000
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $21,771
- Utilities
- $1,271
- Transportation
- $122
- Other (entertainment)
- $157
Quick facts
Neighborhood — 01089
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 25,694 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 3.00% | 7.00% | 20.00% |
| Population Density | 1,520 | 786 | — |
| Male | 12,561 | 3,127,134 | 147,432,321 |
| Female | 13,133 | 3,317,797 | 151,655,844 |
| Never Married | 6,093 | 1,612,885 | 63,775,926 |
| Married | 10,001 | 2,586,314 | 123,120,365 |
| Separated | 1,041 | 247,857 | 12,639,686 |
| Widowed | 1,768 | 363,594 | 15,467,586 |
| Divorced | 2,263 | 436,888 | 23,075,029 |
| Number Of House Hold | 10,885 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.33 | 2.56 | 2.60 |
| Medial Age | 37.93 | 37.25 | 35.46 |
| Median House Hold Income | $44,826 | $57,698 | $48,276 |
| Average House Hold Income | $53,357 | $75,023 | $63,629 |
| P C I | $23,071 | $29,196 | $24,529 |
| M D I | $38,730 | $48,105 | $41,133 |
| A T H E | $45,534 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 78.50% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →
Listing information last refreshed 1/29/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.