Corner Retail and Restaurant
193 Fairview Ave Chicopee, MA 01013
193 Fairview Ave, Chicopee, MA, 01013
$279,900
For Sale
$279,900
Corner commercial property with indoor dining or retail shelving, plus an additional storage building and an outdoor take-out area.
Property Size1,298 SF
Price / SF$215.64
Days on Market195
Property Features for 193 Fairview Ave
General Information
- Standard status
- Active
- Size
- 1,298 SF
Building Details
- Year Built
- 1897
Listing agency
Coldwell Banker Realty - Western MA
(413) 478-1166
Listed by
Wheway Group
Source
Insightrealtygroup
Added: Jan 8 Updated: Jul 22 at 12:08PM Checked: Jul 22 at 12:08PM
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
Investment Insights
Based on property information with market context.
This commercial property offers a versatile blank-slate interior designed for either dining or retail. The space includes cozy indoor seating for dining and the option to install additional shelving for retail use. The property also features a take-out area with access to outdoor seating, along with multiple coolers and display cases intended to support food or retail merchandising. An additional bonus building provides extra storage for inventory or other operational needs.
Located on a corner lot with high visibility and foot traffic, the property is described as being close to Springfield Plaza, Szot Park, local schools, Elms College, shopping, and public transportation. Access to major commuting routes is noted, with the property positioned minutes from Ma Pike.
The offering also includes an ample, lined, flat parking lot for customer and tenant parking.
Located on a corner lot with high visibility and foot traffic, the property is described as being close to Springfield Plaza, Szot Park, local schools, Elms College, shopping, and public transportation. Access to major commuting routes is noted, with the property positioned minutes from Ma Pike.
The offering also includes an ample, lined, flat parking lot for customer and tenant parking.
Key Highlights
- 1897‑built corner commercial property in Chicopee.
- Blank‑slate layout with cozy indoor seating for dining and/or retail shelving.
- Outdoor take‑out area with access to support outdoor seating.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $24.00 |
| − Vacancy | −$685 | −$0.53 |
| EGI | $30.5k | $23.47 |
| − OpEx | −$9.1k | −$7.04 |
| NOI | $21.3k | $16.43 |
1,298 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$304.7K
$266.6K – $355.5K
NOI $21,327 @ 7.0% cap · market cap 7.62%
Second Best
Specialty Retail
$239.8K
$209.8K – $279.8K
NOI $16,787 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$800.0K
$700.0K – $933.3K
NOI $55,999 @ 7.0% cap · market cap 20.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Key Food Marketplace — 185 Exchange St, Chicopee, MA 01013
FAQs
What type of property is this?
Grocery and convenience store - Corner commercial property with indoor dining or retail shelving, plus an additional storage building and an outdoor take-out area.
Where is this grocery and convenience store 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: 1897‑built corner commercial property in Chicopee.; Blank‑slate layout with cozy indoor seating for dining and/or retail shelving.; Outdoor take‑out area with access to support outdoor seating.
