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Property profile & analytics
OFF-MARKET
Investment properties

582 Chicopee St Chicopee, MA 01013-2702

8,464 SF 0.15 ac lot Built 1915
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US38-0226110
Property summary
AI-generated overview

This 2,500 square foot retail space in Chicopee, MA, is ideally suited for a restaurant or pizza shop. The property features a fully built-out interior with classic black and white checkered floors, a spacious dining area with counter seating, ample space for takeout orders, and several coolers. The kitchen is equipped with grills and deep fryers. A large basement provides substantial storage and office space. Located off I-391 exit 4, this property benefits from high visibility and convenient access. Exterior features include ample parking and space for outdoor seating. Utilities are separately metered. The single-tenant space is in excellent condition and situated near other established businesses in a residential area of Chicopee. This is a fantastic opportunity for a food service business seeking a turn-key operation in a desirable location. The property is located at 582 Chicopee Street, Chicopee, MA 01013, in Hampden County. There is no elevator in the building.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1915
Construction FRAME
Total area 8,464 SF
Lot 0.15 ac (6,579 SF)
Zoning code 105
APN CHIC M:0527 P:00007
UPID US38-0226110
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
  • Chicopee's Corner Grind Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Papyrus Equities LLC · 2 yrs held
Papyrus Equities LLC
since 2024
Last sale
$350,000
7 recorded transactions
2024
$494,971
2024
Price N/A
2021
Price N/A
2019
$223,000
2015
Price N/A
2014
$350,000
2013
Price N/A
Zoning & alternative use
105 · Chicopee, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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