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Multi-Tenant Warehouse with Billboard
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590-628 Center St, Chicopee, MA 01013

Multi-tenant warehouse totaling 55,086 SF, leased to long-term tenants and including a billboard leased by Lamar.

Property Size55,086 SF
Price / SF$40.85
Days on Market842

Property Features for 590-628 Center St

General Information

Standard status Active
Size 55,086 SF
Property subtype INDUSTRIAL
Listing Agency: Jennings Real Estate Services
Listed By: Jonathan Little · License #9039162
Source: Moodyscre
Added: May 2, 2024 Changed: Jul 26 Last Checked: Aug 21 at 12:55PM

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 Jennings Real Estate Services

Investment Insights

Based on property information with market context.

This multi-tenant warehouse investment totals 55,086 square feet and is leased to numerous long-term tenants. The property is currently producing NOI of $180,931.

The offering also includes a billboard currently leased to Lamar, which is described as visible from I-91.

As a leased, income-producing asset, the property is structured around multiple tenant spaces while retaining the additional revenue component from the billboard lease.

Key Highlights

  • Multi‑tenant investment property with 55,086 SF leased to numerous long‑term tenants
  • Billboard included and currently leased to Lamar
  • Billboard is visible from I‑91

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Kitchen & Bath Showroom Spa & Massage Center Garden Center

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

Location Intelligence

Trade Area within ½ mile

847
Businesses Nearby
Well-served
Demand for This Use

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 Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Warehouse - Multi-tenant warehouse totaling 55,086 SF, leased to long-term tenants and including a billboard leased by Lamar.
Where is this warehouse located?
The property is located at 590-628 Center St Chicopee, MA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Multi‑tenant investment property with 55,086 SF leased to numerous long‑term tenants; Billboard included and currently leased to Lamar; Billboard is visible from I‑91
(413) 731-7770 Call to check price and availability
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