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    523 James St Chicopee, MA 01020

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    For Sale
    $425,000

    Commercial property with existing structure and development possibilities.

    Lot size:
    0.41 Acres

    Property Features for 523 James St

    General Information

    Lot size
    0.41 Acres

    Source: Coldwell Banker Realty | Western Massachusetts Agent Ray Authier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land with Development Potential

    This commercial property is located on Memorial Drive/Rt 33, adjacent to CVS. The versatile land includes an existing structure that can be rehabbed into a business or removed. The site offers flexible development options, including potential for a new commercial building or a drive-thru facility, pending city approval. A plot plan and front elevation images showcase possible configurations. The property is located in a high-traffic area and is available for sale, lease, or build-to-suit. An established builder is willing to build-to-suit an office building, such as the one included in the pictures, or rehab the existing building. The property offers multiple development possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5729597
    Latitude
    42.2018939

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    FAQs

    What type of property is this?
    Commercial land - Commercial property with existing structure and development possibilities.
    Where is this commercial land located?
    The property is located at 523 James St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Prime location on high-traffic Memorial Drive/Rt 33, adjacent to CVS.; - Flexible development options: new commercial building or drive-thru potential (pending city approval).; - Available for sale, lease, or build-to-suit.
    (413) 531-8889
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    523 James St 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
    523 James St Chicopee, MA 01020
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