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    635 Prospect St Chicopee, MA 01020

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    For Sale
    $449,900

    Well-maintained property with rental income and potential office space.

    Lot size:
    0.40 Acres

    Property Features for 635 Prospect St

    General Information

    Lot size
    0.40 Acres

    Building Details

    Year built
    2004

    Source: Kathy M. Paul Real Estate Agent Lorrie Kasak Adamczyk

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

    Overview

    Retail and Office Investment Opportunity

    This property has a good rental history and is well maintained. Each unit pays their own utilities, including heat and electric. There is plenty of parking available. The property is located next to multiple established businesses and benefits from high traffic count as well as walking traffic. It currently has two business rentals, and both can stay on for secure rental income. The third space is open and would make a great office location for an accountant, medical office, or billing office. It is also a great location for a soft serve shop and could possibly have a drive-thru window.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lorrie Kasak Adamczyk ... Real Estate Agent Kathy Morin-Paul, Kathy ... Real Estate Agents Laura Paul Real Estate Agent Chicopee Pharmacy Pharmacy

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicopee
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5811946
    Latitude
    42.2010256

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    FAQs

    What type of property is this?
    Retail space - Well-maintained property with rental income and potential office space.
    Where is this retail space located?
    The property is located at 635 Prospect St Chicopee, MA.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: - High traffic location with walking traffic and proximity to established businesses.; - Existing rental income from two established businesses.; - Tenants pay their own utilities (heat, electric).
    (413) 237-5504
    Request Owner's contact information
    635 Prospect St Chicopee, MA 01020
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    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
    635 Prospect St Chicopee, MA 01020
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