Two-Storefront Brick Retail
1979-1981 Memorial Drive Chicopee, MA 01020
1979-1981 Memorial Drive, Chicopee, MA, 01020
$669,000
For Sale
$669,000
Solid brick retail building with two storefronts on a major arterial road, one leased and one open-plan suite.
Property Size2,884 SF
Price / SF$231.97
Days on Market220
Property Features for 1979-1981 Memorial Drive
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing agency
Berkshire Hathaway HomeServices Realty Professionals
Listed by
Paul Zingarelli
(413) 789-9830
Source
Parksquarerealty
Added: Dec 15, 2025 Updated: Jul 22 at 2:06PM Checked: Jul 22 at 2:06PM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
Solid brick retail building offering two highly visible storefronts. One unit is leased, providing immediate occupancy, while the second storefront presents an open floor plan suitable for an owner-user or for lease-up.
The property is located on a major arterial road with an approximate 60,000 vehicles per day traffic count, supporting strong street presence. The building also offers easy access and room for signage on the storefronts.
Overall, this is a value-add retail asset structured around a stabilized leased space and a second unit positioned for active repositioning within a high-traffic corridor.
The property is located on a major arterial road with an approximate 60,000 vehicles per day traffic count, supporting strong street presence. The building also offers easy access and room for signage on the storefronts.
Overall, this is a value-add retail asset structured around a stabilized leased space and a second unit positioned for active repositioning within a high-traffic corridor.
Key Highlights
- Solid brick commercial retail building built in 1966 with two highly visible storefronts
- Two storefront spaces: one unit is leased for immediate cash flow
- Second storefront has an open floor plan for an owner‑user or lease‑up opportunity
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 | $69.2k | $24.00 |
| − Vacancy | −$1.5k | −$0.53 |
| EGI | $67.7k | $23.47 |
| − OpEx | −$20.3k | −$7.04 |
| NOI | $47.4k | $16.43 |
2,884 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$676.9K
$592.3K – $789.8K
NOI $47,385 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,423 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Solid brick retail building with two storefronts on a major arterial road, one leased and one open-plan suite.
Where is this storefront property located?
The property is located at 1979-1981 Memorial Drive Chicopee, MA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Solid brick commercial retail building built in 1966 with two highly visible storefronts; Two storefront spaces: one unit is leased for immediate cash flow; Second storefront has an open floor plan for an owner‑user or lease‑up opportunity
