Two-Storefront Brick Retail
For Sale
$599,000
1979-1981 Memorial Dr, Chicopee, MA 01020
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$207.70
Days on Market313
Property Features for 1979-1981 Memorial Dr
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Commercial
Zoning
111
Site & Location
Traffic Count
60,000 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$12,803
Building Details
Building Size
2,884 SF
Year Built
1966
Construction
brick
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
(413) 567-3361
Listed By:
Paul Zingarelli · License #452507261
(413) 246-9982
Source:
Churchillprop
Added: Dec 16, 2025
Changed: Oct 6
Last Checked: Oct 24 at 2:36PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,385
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,700
$947.7K
Cap Rate 7%
$676,929
$676.9K
Cap Rate 9%
$526,500
$526.5K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$69.2K $24.00/SF
− Vacancy
−$1.5K −$0.53/SF
EGI
$67.7K $23.47/SF
− OpEx
−$20.3K −$7.04/SF
NOI
$47.4K $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%
$947,700
Cap Rate 7%
$676,929
Cap Rate 9%
$526,500
Alternative Uses
Best Use
Retail
$676.9K
$592.3K – $789.8K
NOI $47,385 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,423 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 12%
Home Improvements & Furnishings 8%
Dollar General
Shops & Services
8,644 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
6,252 visits/mo
0.1 miles
Giovanni's Pizza
Dining
2,584 visits/mo
0.2 miles
The UPS Store
Shops & Services
1,855 visits/mo
0.1 miles
Home Outlet
Home Improvements & Furnishings
1,716 visits/mo
0.1 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
Frequently Asked Questions
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 Dr Chicopee, MA.
What is the asking price?
The asking price for this property is $599,000.
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
