68 Westfield St presents an opportunity to acquire a ±2,059 SF office/commercial property in the heart of downtown West Springfield. Zoned CBD, the property offers flexible commercial use potential for an owner-user or investor seeking a well-located asset within an established commercial corridor.
Flexible retail or office building with large lot for sale. Situated on busy River Street, the property offers a great opportunity for a variety of business or possible residential uses. The existing structure was most recently rented to a gift shop and has several large rooms, a full bathroom with shower, a kitchen area, a second floor room, and basement storage. Located minutes from the popular Big E/Eastern States Exposition fairgrounds, which could allow for additional parking income. BB-1 zoning allows a multitude of uses with Special Permit/Site Plan Review. “The purpose of the BB-1 District is to provide a higher density area for a mix of industrial, multifamily residential and limited commercial uses.” Residential redevelopment nearby.
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.
West Springfield is located in Massachusetts.
