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Retail Investment Property
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1195 Granby Rd, Chicopee, MA 01020

For-sale retail asset priced for a 6.50% cap rate with 14,614 SF.

Property Size14,614 SF
Days on Market121

Property Features for 1195 Granby Rd

General Information

Standard status Active
Size 14,614 SF
Property subtype Retail

Additional Details

Cap Rate 6.5%
Listing Agency: Matthews
Listed By: Bill Pedersen · License #440007
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This for-sale retail property is offered as an income-oriented investment, listed with a 6.50% cap rate. The building totals 14,614 SF.

The asset is located at 1195 Granby Rd in Chicopee, MA 01020.

Key Highlights

  • Retail asset offered with a stated 6.50% cap rate
  • Building size: 14,614 SF

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy Pharmacy NE Moves Mortgage Loan Service COVID-19 Drive-Thru Testing ... Medical Laboratory TD Bank ATM Atm

Suggested Use

Top Pick Parking Lot & Garage Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

578
Businesses Nearby
357k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 30% Superstores 24% Shops & Services 22% Groceries 20%
BJ's Wholesale Club Superstores
85,928 visits/mo 0.3 miles
Big Y World Class Market Groceries
40,499 visits/mo 0.3 miles
BJ's Gas Shops & Services
39,037 visits/mo 0.3 miles
Stop & Shop Groceries
31,233 visits/mo 0.4 miles
McDonald's Dining
24,089 visits/mo 0.5 miles

Demographics for 01020, MA

29,781
Population
14,154
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
2,382
Density / Sq Mi
$70,971
Median Household Income
$45,378
Median Earnings
$1,153
Median Rent
$259,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - For-sale retail asset priced for a 6.50% cap rate with 14,614 SF.
Where is this retail space located?
The property is located at 1195 Granby Rd Chicopee, MA.
What are key features of this property?
This property features: Retail asset offered with a stated 6.50% cap rate; Building size: 14,614 SF
More about this property
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