1361 Memorial Dr Chicopee, MA 01022
- Showrooms
- 2,604 SF
- 0.46 lot acres
Current Use by Public Records
- Showrooms
Property Details for 1361 Memorial Dr
- Year built
- 2001
- Construction
- FRAME
- Lot size
- 0.46 lot acres
- Property size
- 2,604 SF
- Zone code
- 111A
- Property type
- Showrooms
- APN
- CHIC M:0611 P:00010
- APU
- CHICM0611P00010
Description
This exceptional 2,604-square-foot medical office building is situated at 1361 Memorial Drive in Chicopee, Massachusetts, within Hampden County (zip code 01022). The property is a single-tenant, freestanding structure, previously occupied by Westover Veterinary Clinic—the only veterinary practice in Chicopee. This presents a unique opportunity for a variety of medical practices seeking a well-established location with high visibility. The building sits on a sizable 0.46-acre lot, providing ample space and convenience. On-site parking is readily available with a dedicated lot accommodating approximately ten vehicles. The building's prior use as a veterinary clinic suggests existing infrastructure suitable for medical practices, potentially minimizing renovation costs. The property's location in Chicopee offers access to a substantial patient base and benefits from convenient access to major roadways. This is an excellent opportunity for a medical professional or group seeking a turnkey solution in a desirable location. The property is offered as a single-tenant building, providing a stable and straightforward ownership experience. Further details regarding the property's specifications and potential are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $1,200,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $940,000
- Geo Method
- $1,200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $980,000
- Retail
- $1,195,000
- Mixed-Use
- $900,000
- Hospitality
- $1,185,000
- Educational
- $1,040,000
- Residential Income
- $950,000
- Energy
- $910,000
- Income-Based Land
- $1,050,000
- Food Service
- $1,085,000
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5747
- Latitude
- 42.1947
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA