467 Memorial DrChicopee, MA 01020

Property Details for 467 Memorial Dr

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

3,564 SF

Zone code

111A

Property type

Retail properties

Property subtype

Turn key restaurants

APN

CHIC M:0341 P:00003

APU

CHICM0341P00003

Description

This exceptional retail property, located at 467 Memorial Drive in Chicopee, Massachusetts, offers a significant leasing opportunity. The building encompasses a total of 3,654 square feet, currently entirely vacant and ready for immediate occupancy. The property is classified as Commercial Retail with multiple tenancy potential. Situated on a sizable 0.69-acre lot, it provides ample space for customer parking and potential outdoor displays. The property boasts 44 parking spaces, ensuring convenient access for customers and employees. The building's location in Hampden County, specifically Chicopee, MA (zip code 01020), offers excellent visibility and accessibility. This presents a unique chance for businesses seeking a prominent location in a thriving community. The entire 3,654 square feet is available for lease, providing flexibility for a variety of retail concepts. The property's size and parking capacity make it suitable for a range of businesses, from smaller boutiques to larger retail operations. Interested parties are encouraged to inquire about lease terms and conditions. The property's prime location and substantial space offer a compelling opportunity for growth and success. The address is 467 Memorial Drive, Chicopee, MA 01020.

• CAP approach

  CAP return

  Valuation

  6%

  $866,176

  6.5%

  $799,547

  7%

  $742,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,173,494

  Geo Method

  $1,173,494

• Alternative Use

  Use

  Valuation

  Residential

  $674,448

  Hospitality

  $617,791

  Educational

  $513,995

  Medical

  $531,672

  Retail

  $799,547

Location Insight

City

Chicopee

County

Hampden

State

Massachusetts

Latitude

42.1707

Longitude

-72.5767

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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