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Property profile & analytics

70 Exchange St Chicopee, MA 01013-1245

  • Turn key restaurants
  • 1,376 SF
  • 0.13 lot acres
OFF-MARKET
Value Estimation
$280,000
Location Intelligence
Property ID
US38-1070667
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Red Fez Bar & Grill / Portuguese Restaurant

Property Details for 70 Exchange St

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.13 lot acres
Property size
1,376 SF
Zone code
101
Property type
Turn key restaurants
APN
CHIC M:0076 P:00016
APU
CHICM0076P00016

Description

This exceptional offering presents a rare chance to acquire the renowned Red Fez Bar and Grill, a beloved Chicopee institution since 1985. Located in the heart of Downtown Chicopee, this well-established business boasts a prime location and a loyal customer base, ensuring immediate returns on investment. The property itself sits on a 0.13-acre lot at 70 Exchange Street. The sale includes both the real estate and the thriving business, offering a complete turnkey operation. The Red Fez is known for its welcoming atmosphere, delicious food, and rich history within the Chicopee community, making it a cherished local landmark. This presents a unique opportunity for an entrepreneur to step into an already successful business with significant potential for future growth and expansion. The established reputation and loyal clientele provide a solid foundation for continued success. This is a truly exceptional opportunity to own a piece of Chicopee history and build upon the legacy of a well-loved establishment. The property's central location offers excellent visibility and accessibility, further enhancing its appeal and potential for profitability. This is a rare chance to acquire a turnkey business with a proven track record in a desirable location. The asking price for this unique opportunity is $460,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $275,000
  • CAP approach

    CAP return
    Estimation
    6%
    $295,000
    6.5%
    $275,000
    7%
    $290,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $285,000
    Geo Method
    $300,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $290,000
    Retail
    $315,000
    Mixed-Use
    $250,000
    Hospitality
    $265,000
    Educational
    $285,000
    Residential Income
    $290,000
    Energy
    $250,000
    Income-Based Land
    $280,000
    Food Service
    $240,000

Location Insight

  • Map
  • Local Demand
City
Chicopee
County
Hampden
State
Massachusetts
Longitude
-72.6126
Latitude
42.1457
CBSA code
44140
CBSA name
SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,057
$75,900
$114,700
$190,600
-
$0.00
$0.00
$0.00
More about this property
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