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1329 Memorial Dr
Chicopee, MA 01020
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10% Cap Rate
- Turnkey Grocery and Restaurant
- Two Business can be included with sale
EXECUTIVE SUMMARY
Prime commercial property for sale at $2,000,000, featuring 9,923 SF gross area (8,570 SF usable) on 1.96 acres with 12' ceilings. Divided into two units: a 3,789 SF restaurant (38%) and a 5,625 SF grocery (57%), plus a 509 SF enclosed porch. Currently generates $240,000 annual gross income from month-to-month tenants: Masses American Bistro and Masses Fresh Market each paying $10,000/month, with tenants covering utilities and all exterior maintenance (snow plowing, landscaping, trash). Landlord expenses total $40,000/year ($5,000 water, $25,000 taxes, $10,000 insurance), yielding a $200,000 NOI and 10.0% cap rate. Sale includes both operating businesses with FF&E, inventory, trade names, and goodwill. Established local brands with loyal customers and proven revenue.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,585 SF
Building Class
B
Year Built
1989
Price
$2,740,360 CAD
Price Per SF
$258.89 CAD
Cap Rate
10%
NOI
$274,036 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.96 AC
Zoning
0
PROPERTY TAXES
| Parcel Number | CHIC-000611-000000-000001C | Improvements Assessment | $602,194 CAD |
| Land Assessment | $463,806 CAD | Total Assessment | $1,066,000 CAD |
PROPERTY TAXES
Parcel Number
CHIC-000611-000000-000001C
Land Assessment
$463,806 CAD
Improvements Assessment
$602,194 CAD
Total Assessment
$1,066,000 CAD
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