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1329 Memorial Drive Chicopee, MA 01020
1.96 Acres Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73452794
HOA Y/N false
Year Built 1989
Annual Tax Amount $25,000
Tax Year 2024
Lot Size 1.960 Acres
Acres 1.96
Property Description
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—Masse's American Bistro and Masse's 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; can be delivered vacant for turnkey operations or redevelopment. Established local brands with loyal customers and proven revenue.
Location
State MA
County Hampden
Zoning CR
Direction On Memorial Drive main drag
Exterior
Total Parking Spaces 40
Others
Senior Community false
Listed by Berkshire Hathaway Home Service New England Properties
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