749 James St Chicopee, MA 01020-3915
- Turn key restaurants
- 3,379 SF
- 0.81 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 749 James St
- Year built
- 1942
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.81 lot acres
- Property size
- 3,379 SF
- Zone code
- 107
- Property type
- Turn key restaurants
- APN
- CHIC M:0655 P:00015
- APU
- CHICM0655P00015
Description
This exceptional commercial property, located at 749 James Street in Chicopee, Massachusetts, presents a unique investment opportunity. Priced at $549,999, this 1-unit retail space, built in 1942, is ideally suited for a restaurant operation. The property boasts a highly desirable location in Chicopee, offering easy access to major transportation routes and highways, ensuring high visibility and convenient access for customers. Ample parking is available, complemented by attractive landscaping, enhancing the overall appeal of the property. The interior is equipped with a professional kitchen, ready for immediate occupancy, minimizing start-up costs and maximizing operational efficiency. A distinctive landmark feature, a railroad car, adds significant character and recognition to this already appealing location. The surrounding area features a diverse mix of retail, dining, and professional services, creating a vibrant and thriving commercial environment. This property offers significant potential for growth and success within a well-established and bustling community. The zip code is 01020, and the property is situated in Hampden County. This is a rare opportunity to acquire a well-established and attractive commercial property in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $295,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $315,000
- Mixed-Use
- $335,000
- Hospitality
- $260,000
- Educational
- $315,000
- Residential Income
- $320,000
- Energy
- $340,000
- Income-Based Land
- $305,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Chicopee
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.5653
- Latitude
- 42.1997
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA