Mixed-Use Restaurant
New
For Sale
$395,000
729 Chicopee St, Chicopee, MA 01013
Existing kitchen, bar, and basement infrastructure accompany a leased second-floor apartment and access to free off-street parking.
Property Size2,744 SF
Price / SF$143.95
Days on Market5
Property Features for 729 Chicopee St
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Commercial
Space & Availability
Floor
1 + Basement
Furnished
Yes
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Average Monthly Rent
$1,850
Building Details
Year Built
1910
Listing Agency:
SR Commercial Realty
(413) 459-4535
Listed By:
Jeremy Casey
(413) 459-4535
Source:
Lockandkeyre
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 4 at 5:03AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a vacant first-floor restaurant with a leased residential unit above. The 1,930 SF commercial space includes an established kitchen, hood system, bar, furniture, and fixtures. An 814 SF basement adds storage, a walk-in freezer, liquor room, and camera room. The second floor contains a deleaded 2BR/1BA apartment measuring 814 SF, providing a separate residential income component.
Built in 1910, the property occupies a corner location at 729 Chicopee St in Chicopee, Massachusetts. Patrons and employees can use a state-owned parking lot nearby, where off-street parking is available at no cost. The combination of restaurant infrastructure, basement support areas, and an occupied apartment creates a single property with both commercial and residential components.
Built in 1910, the property occupies a corner location at 729 Chicopee St in Chicopee, Massachusetts. Patrons and employees can use a state-owned parking lot nearby, where off-street parking is available at no cost. The combination of restaurant infrastructure, basement support areas, and an occupied apartment creates a single property with both commercial and residential components.
Key Highlights
- 1,930 SF first‑floor restaurant space delivered vacant
- Existing kitchen equipment, hood system, bar setup, furniture, and fixtures convey
- 814 SF full basement with storage, walk‑in freezer, liquor room, and camera room
Financial Insights For Specialty 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 | $49.4k | $18.00 |
| − Vacancy | −$2.1k | −$0.76 |
| EGI | $47.3k | $17.24 |
| − OpEx | −$11.8k | −$4.31 |
| NOI | $35.5k | $12.93 |
2,744 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.0K
$443.6K – $591.5K
NOI $35,488 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$475.8K
$416.3K – $555.1K
NOI $33,307 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,383 @ 7.0% cap · market cap 29.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
6,155 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing kitchen, bar, and basement infrastructure accompany a leased second-floor apartment and access to free off-street parking.
Where is this mixed-use property located?
The property is located at 729 Chicopee St Chicopee, MA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,930 SF first‑floor restaurant space delivered vacant; Existing kitchen equipment, hood system, bar setup, furniture, and fixtures convey; 814 SF full basement with storage, walk‑in freezer, liquor room, and camera room
