821 Montgomery St Chicopee, MA 01013
This exceptional 12.47-acre parcel presents a significant redevelopment opportunity in the heart of Chicopee, Massachusetts. Zoned RC - Residential C, this property offers substantial potential for a multi-family residential project. A conceptual plan suggests the possibility of six two-story buildings, potentially yielding approximately forty-two units each, though all interested parties must conduct their own due diligence to determine the maximum buildable potential. The site's location provides excellent access to major transportation arteries, including I-90 and I-91, placing it within easy reach of Holyoke and the broader Springfield metropolitan area. This prime location offers convenient access to amenities and a strong potential for attracting residents. The property is being offered without a list price on a Request for Proposal (RFP) basis. Interested parties are encouraged to conduct a thorough independent investigation to assess the feasibility and maximize the development potential of this exceptional land parcel. The address is 821 Montgomery Street, Chicopee, MA 01013, situated in Hampden County. Detailed site plans and further information are available upon request. This is a unique opportunity to acquire a substantial land holding in a desirable and rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.