300 Carew St Chicopee, MA 01020
- Turn key restaurants
- 2,006 SF
- 0.24 lot acres
Current Use by Public Records
- Atlas Pub / Bar
Property Details for 300 Carew St
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Property size
- 2,006 SF
- Zone code
- 102
- Property type
- Turn key restaurants
- APN
- CHIC M:0072 P:00055
- APU
- CHICM0072P00055
Description
This exceptional opportunity presents a well-established neighborhood bar and grill located at 300 Carew St, Chicopee, MA. Boasting a rich 45-year history, this turnkey business is ready for a new owner. The 2,700 square foot building features a completely renovated kitchen (2021), a recently serviced walk-in cooler (new motor installed 3 months prior to listing), and updated electrical systems. Accessibility is ensured with a dedicated handicap entrance and restrooms. The property includes a valuable liquor license and all contents are included in the sale price of $605,000. Generating consistent revenue, the business benefits from a full lottery and keno license. A popular outdoor patio, permitted for alcohol service until 11 pm, provides additional seating and ambiance. Customers frequently cite the patio as a favorite feature. The interior is equipped with multiple flat-screen TVs and a high-output Bose sound system, both inside and on the patio. Convenient amenities for patrons include an ATM and credit card machines. A dedicated back room offers ample space for private parties and events. The property sits on a 0.24-acre lot and features a nicely updated interior and exterior. This is a rare opportunity to acquire a profitable, established business with significant potential for continued growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $215,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $230,000
- Mixed-Use
- $205,000
- Hospitality
- $250,000
- Educational
- $255,000
- Residential Income
- $220,000
- Energy
- $260,000
- Income-Based Land
- $220,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5647
- Latitude
- 42.1486
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA