Building Details

Year Built 1897

Listing Agency: Coldwell Banker Realty - Western MA

Listed By: Wheway Group Show Phone

Source: Alpernandmesenbourg

Added: Apr 23 Changed: Oct 16 Last Checked: Oct 7 at 3:37PM

Report an Issue

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 Coldwell Banker Realty - Western MA

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront offers a flexible blank-slate layout that can be customized for a variety of concepts. The space includes indoor seating for dining and/or additional shelving for retail, with a take-out area that provides access to an outdoor seating setup. The property also features multiple coolers and display cases that are suited for merchandising and grab-and-go offerings.

Set on a corner lot with ample lined, flat parking, the property is described as highly visible and positioned near Springfield Plaza, Szot Park, local schools, Elms College, shopping, and public transportation. Easy access to major commuting routes is noted.

An additional bonus building is included for extra storage, stock, or other tailored use. The premises are noted as formerly a deli, convenience, and ice cream shop, and the property has had a “little face lift” to make it ready for a new operator.

Key Highlights

• Built in 1897 commercial property with corner storefront and blank‑slate customization potential
• Includes indoor seating for dining, plus an outdoor seating area
• Former deli, convenience, and ice cream shop setup with display cases and coolers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,327

Cap Rate

7.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$426,540 $426.5K

Cap Rate 7%

$304,671 $304.7K

Cap Rate 9%

$236,967 $237.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,298 SF

Gross rent

$31.2K $24.00/SF

− Vacancy

−$685 −$0.53/SF

EGI

$30.5K $23.47/SF

− OpEx

−$9.1K −$7.04/SF

NOI

$21.3K $16.43/SF

Area

Hampden County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$426,540

Cap Rate 7%

$304,671

Cap Rate 9%

$236,967

Alternative Uses

Best Use

Retail

$304.7K

$266.6K – $355.5K (±1% cap)

NOI $21,327 @ 7.0% cap · market cap 7.62%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$800.0K

$700.0K – $933.3K (±1% cap)

NOI $55,999 @ 7.0% cap · market cap 20.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Furniture & Home Goods Accounting Firm Storage Facility

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

426

Businesses Nearby

Under-served

Demand for This Use

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Two-Storefront Brick Retail Building

1979-1981 Memorial Dr, Chicopee, MA 01020

$599,000

2,884 SF

View details

Mixed-Use Building with Storefront

432 Front Street, Chicopee, MA 01013

$420,000

4,382 SF

View details

Air-Conditioned Storefront Property

129 Church St # 131, Chicopee, MA 01020

Contact for pricing

View details

Freestanding Office Building For Sale

386 Chicopee Street, Chicopee, MA 01013

$299,900

2,110 SF

View details

Freestanding Bank Branch

153 Meadow Street, Chicopee, MA 01013

$490,000

1,637 SF

View details

Updated Two-Family Duplex

69 Bonner St, Chicopee, MA 01013

$420,000

2,138 SF

View details

Freestanding QSR with Drive-Thru

1535 Memorial Dr, Chicopee, MA 01020

$1,000,000

1,714 SF

View details

Well-Maintained Two-Family Home

38 Bonner Street, Chicopee, MA 01013

$474,900

2,128 SF

View details

2-Unit Duplex with Garage

17 Spring St, Chicopee, MA 01013

$509,900

2,386 SF

View details

Multifamily Property with Workshop

55 Gaylord Street, Chicopee, MA 01013

$475,000

2,729 SF

View details

Triplex With Separate Beauty Salon

884 Chicopee Street, Chicopee, MA 01013

$395,000

3,249 SF

View details

Medical Office with Basement Space

688 Prospect St, Chicopee, MA 01020

Contact for pricing

962 SF

View details

Similar Off Market Nearby

• McClelland's Florist — 123 Academy St, Chicopee, MA 01013

Frequently Asked Questions

What type of property is this?

Storefront property - Corner storefront includes indoor seating, an outdoor seating area, display cases, and coolers, plus an additional storage building.

Where is this storefront property located?

The property is located at 193 Fairview Ave Chicopee, MA.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: Built in 1897 commercial property with corner storefront and blank‑slate customization potential; Includes indoor seating for dining, plus an outdoor seating area; Former deli, convenience, and ice cream shop setup with display cases and coolers