Property profile

1264 Granby Rd Chicopee, MA 01020

OFF-MARKET
Turn key restaurants
Property ID
US38-0252587
1,645 SF 0.17 ac lot Built 1950
Individually Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,622 sq ft, Class A commercial property at 1264 Granby Rd, Chicopee, presents a unique leasing opportunity. Formerly "Doc's Place," this two-story building, renovated in 2022, boasts a 1,645 sq ft interior perfectly suited for a restaurant, bar, or entertainment venue. The property features a fully equipped bar with ample seating, updated lighting, and a sound system, creating a warm and inviting atmosphere. Its convenient location on a busy road ensures high visibility and easy access, complemented by 7-12 parking spaces. The 1.7-acre lot is zoned 3260. Built in 1950, this established venue benefits from a strong community presence and offers flexible lease terms. The spacious interior easily accommodates both small and large groups, making it ideal for various concepts. Proximity to residential areas and major roads guarantees a steady flow of potential customers. This turnkey operation offers a significant advantage for a new business looking to establish itself quickly in a thriving Chicopee location. Don't miss this chance to secure a well-positioned commercial property with a proven track record.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction FRAME
Total area 1,645 SF
Lot 0.17 ac (7,200 SF)
Zoning code 107
APN CHIC M:0423 P:00007
UPID US38-0252587

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Nightclub Music Venue

Location

1264 Granby Rd Chicopee, MA 01020-2019
Chicopee metro Census 811200 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2009
3 recorded transactions
2014
Price N/A
2009
$100,000
2003
$100,000

Zoning & alternative use

107 · Chicopee, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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