Brick Retail Building with
1979 Memorial Dr Chicopee, MA 01020
1979 Memorial Dr, Chicopee, MA, 01020
Contact for pricing
For Sale
Contact for pricing
Solid brick retail building with two storefronts, including one leased unit and a second open-plan space on a major arterial.
Property Size2,884 SF
Price / SF$242.37
Days on Market211
Property Features for 1979 Memorial Dr
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Property subtype
- RETAIL
Listing agency
BHHS - Realty Professionals | East Longmeadow
(413) 246-9982
Listed by
Paul Zingarelli · License #452507261
(413) 246-9982
Source
Moodyscre
Added: Dec 22, 2025 Updated: Jul 21 at 5:12AM Checked: Jul 21 at 5:12AM
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 BHHS - Realty Professionals | East Longmeadow
Investment Insights
Based on property information with market context.
Solid brick commercial retail building featuring two highly visible storefronts on a major arterial road. The property includes two separate units: one storefront is currently leased, while the second storefront offers an open floor plan that can support an owner-user setup or a future lease-up.
The building benefits from strong street presence and easy access along Memorial Dr, with an approximate 60,000 vehicles per day traffic count reported for the corridor.
This setup creates a straightforward mix of current income and flexibility for the remaining space, with the overall site designed for retail frontage exposure to passing traffic.
The building benefits from strong street presence and easy access along Memorial Dr, with an approximate 60,000 vehicles per day traffic count reported for the corridor.
This setup creates a straightforward mix of current income and flexibility for the remaining space, with the overall site designed for retail frontage exposure to passing traffic.
Key Highlights
- Solid brick commercial retail building with two highly visible storefronts on a major arterial road
- Approx. 60,000 vehicles per day traffic count for strong exposure
- One storefront is leased, providing immediate cash flow
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 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,423 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The White Orchid Nail ...
Nail Salon
Chicopee Total Fire ...
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Solid brick retail building with two storefronts, including one leased unit and a second open-plan space on a major arterial.
Where is this retail space located?
The property is located at 1979 Memorial Dr Chicopee, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Solid brick commercial retail building with two highly visible storefronts on a major arterial road; Approx. 60,000 vehicles per day traffic count for strong exposure; One storefront is leased, providing immediate cash flow
