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    FOR LEASE
    Turn key restaurants

    467 Memorial Dr, Chicopee, MA 01020

    3,564 SF 0.69 ac lot Built 1974
    Individually Owned 34-yr Hold Free & Clear
    Property ID
    US38-1490728
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1974
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,564 SF
    Lot 0.69 ac (30,000 SF)
    Zoning code 111A
    APN CHIC M:0341 P:00003
    UPID US38-1490728
    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
    • Golden Nozzle Car Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $390k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $543k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Bertram Robinson · 34 yrs held
    Bertram Robinson
    since 1992
    1 recorded transaction
    1992
    $30,000
    Zoning & alternative use
    111A · Chicopee, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $500,000 +4.1%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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