Mixed-Use Property with Restaurant
For Sale
Contact for pricing
733 Chicopee Street, Chicopee, MA 01013
Includes a vacant bar/restaurant suite, leased apartment, and basement support space.
Property Size2,744 SF
Price / SF$143.95
Days on Market76
Property Features for 733 Chicopee Street
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Retail, Mixed Use
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Floor
1
Average Monthly Rent
$1,850
Amenities
storage space
walk-in freezer
liquor room
camera room
Building Details
Year Built
1910
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey · License #9585695
(413) 750-8040
Source:
Crexi
Added: Jul 31
Changed: Oct 13
Last Checked: Oct 12 at 5:58PM
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 an operating-ready bar and restaurant layout with a residential component. The vacant first-floor commercial area measures 1,930 SF and includes a kitchen, hood system, bar, and related restaurant equipment. A full 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. Built in 1910, the property occupies a corner location with visibility and access to a state-owned parking lot providing free off-street parking for patrons and employees. The combination of restaurant infrastructure and a leased residential unit supports both owner-user and investment-oriented ownership structures.
The second floor contains a deleaded 2BR/1BA apartment measuring 814 SF. Built in 1910, the property occupies a corner location with visibility and access to a state-owned parking lot providing free off-street parking for patrons and employees. The combination of restaurant infrastructure and a leased residential unit supports both owner-user and investment-oriented ownership structures.
Key Highlights
- 1,930 SF vacant first‑floor bar/restaurant space with kitchen equipment, hood system, and bar setup
- Full 814 SF basement with storage, walk‑in freezer, liquor room, and camera room
- Second‑floor deleaded 2BR/1BA apartment measures 814 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,488
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,760
$709.8K
Cap Rate 7%
$506,971
$507.0K
Cap Rate 9%
$394,311
$394.3K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$49.4K $18.00/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$47.3K $17.24/SF
− OpEx
−$11.8K −$4.31/SF
NOI
$35.5K $12.93/SF
Area
Hampden County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,760
Cap Rate 7%
$506,971
Cap Rate 9%
$394,311
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.
How Realmo checks its estimates
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 - Includes a vacant bar/restaurant suite, leased apartment, and basement support space.
Where is this mixed-use property located?
The property is located at 733 Chicopee Street 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 vacant first‑floor bar/restaurant space with kitchen equipment, hood system, and bar setup; Full 814 SF basement with storage, walk‑in freezer, liquor room, and camera room; Second‑floor deleaded 2BR/1BA apartment measures 814 SF
