Property profile

300 Carew St Chicopee, MA 01020

OFF-MARKET
Turn key restaurants
Property ID
US38-0775285
2,006 SF 0.24 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,006 SF
Lot 0.24 ac (10,581 SF)
Zoning code 102
APN CHIC M:0072 P:00055
UPID US38-0775285

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
  • Bar & Pub

Location

300 Carew St Chicopee, MA 01020-3316
Chicopee metro Census 810700 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2022
Last sale
$305,000
3 recorded transactions
2022
$305,000
2017
Price N/A
1997
Price N/A

Zoning & alternative use

102 · 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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