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    Memorial Dr Chicopee, MA 01020

    Sponsored
    For Sale
    $650,000

    Two Buildings, High Visibility, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Chicopee, MA commercial property presents a rare opportunity to acquire two strategically located buildings on a prominent corner lot at the intersection of Memorial Drive and Britton Street, boasting a signalized intersection for optimal visibility. The main building, a custom-built three-story structure completed in 1987, offers extensive space ideal for commercial office or retail use. It features numerous updates and a versatile layout accommodating a single large business or multiple smaller tenants. The building includes a kitchenette on the second floor, three HVAC units, and two electrical panels, ensuring efficient climate control and power distribution. The second building, totaling 710 square feet, also provides flexible office or retail space, complete with a full kitchen. Both buildings benefit from high visibility due to their corner location and prominent street signage. The 0.6-acre lot provides ample off-street parking for tenants and customers. With twelve plus offices and open spaces, this property offers significant potential for diverse business ventures. This is a unique opportunity to own a substantial commercial presence on a high-traffic thoroughfare in Chicopee. The property's size and configuration make it suitable for a variety of uses, from a single large enterprise to a collection of smaller businesses. The combination of location, size, and existing infrastructure makes this a compelling investment opportunity.

    Property Features for Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1937
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.58182
    Latitude
    42.16167

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    FAQs

    What type of property is this?
    Commercial real estate - Two Buildings, High Visibility, Huge Potential
    Where is this commercial real estate located?
    The property is located at Memorial Dr Chicopee, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    (413) 213-1500
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    Memorial Dr Chicopee, MA 01020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Memorial Dr Chicopee, MA 01020
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