Mixed-Use Property with
New
For Sale
$2,995,000
13 Center St & 50 Springfield St, Chicopee, MA 01013
A restaurant tenancy and occupied residential units provide commercial and apartment income under one ownership.
Property SizeContact for details
Days on Market3
Property Features for 13 Center St & 50 Springfield St
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
8.7%
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$42,159
Building Details
Year Built
1890
Listing Agency:
SR Commercial Realty
(413) 333-7776
Listed By:
Zaisha Robert
(413) 557-4846
Source:
Ma-cthomes
Added: Sep 24
Last Checked: Sep 24 at 6:18AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a restaurant with six apartments. All six residential units are rented, and four of the six have turned over. The building dates to 1890 and has a newer roof and mechanical systems.
The restaurant lease has approximately 10 years remaining. The property is located at 13 Center St and 50 Springfield St in Chicopee, Massachusetts, and reports an 8.7% cap rate.
The restaurant lease has approximately 10 years remaining. The property is located at 13 Center St and 50 Springfield St in Chicopee, Massachusetts, and reports an 8.7% cap rate.
Key Highlights
- Restaurant lease has approximately 10 years remaining
- All 6 apartments are rented
- Reported 8.7% cap rate
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 01013, MA
23,656
Population
10,309
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
4,150
Density / Sq Mi
$64,039
Median Household Income
$45,268
Median Earnings
$1,005
Median Rent
$249,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant tenancy and occupied residential units provide commercial and apartment income under one ownership.
Where is this mixed-use property located?
The property is located at 13 Center St & 50 Springfield St Chicopee, MA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Restaurant lease has approximately 10 years remaining; All 6 apartments are rented; Reported 8.7% cap rate
