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Property profile & analytics
OFF-MARKET
Turn key restaurants

1535 Memorial Dr Chicopee, MA 01020-3932

1,714 SF 0.25 ac lot Built 1970
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US38-0518721
Property summary
AI-generated overview

This exceptional commercial property presents a unique opportunity for a thriving business in Chicopee, MA. Situated on a 0.46-acre corner lot at 1535 Memorial Drive, this fully built-out restaurant building boasts a prime location along Route 33, a major Western Massachusetts commercial artery. The high visibility and high-traffic area ensure maximum exposure to potential customers. The property's convenient location near Memorial Drive's shopping centers further enhances its appeal. The building itself is already equipped as a restaurant, complete with an outdoor patio area, making it ideal for a quick-service restaurant (QSR) needing a drive-through facility. Alternatively, the property's versatility lends itself to a freestanding retail business. This is a turnkey operation, eliminating the need for extensive build-out costs and allowing for a rapid start to operations. The property's significant advantage lies in its dual-parcel composition, offering flexibility in development or expansion plans. This is a rare opportunity to acquire a well-positioned, fully functional commercial property in a thriving market. The asking price is $1,300,000. Don't miss this chance to establish your business in a highly desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction FRAME
Total area 1,714 SF
Lot 0.25 ac (10,752 SF)
Zoning code 111
APN CHIC M:0653 P:00021
UPID US38-0518721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dairy Queen Grill & Chill Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rohirrim INC · 7 yrs held
Rohirrim INC
since 2019
6 recorded transactions
2019
$550,000
2005
Price N/A
2000
Price N/A
1994
Price N/A
1994
$155,000
1993
$10,004
Zoning & alternative use
111 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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