1329 Memorial Dr - Restaurant FOR SALE


Chicopee, MA 01020
$2,000,000 USD
413-313-5067
1329 Memorial Dr, Chicopee, MA for Sale
$2,000,000 USD
Restaurant - FOR SALE
1/13
null | 10% Cap Rate

1329 Memorial Dr
Chicopee, MA 01020


HIGHLIGHTS

  • 10% Cap Rate
  • Turnkey Grocery and Restaurant
  • Two Business can be included with sale

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,377 SF

ZONING

0

APN/PARCEL ID

CHIC-000611-000000-000001C

ASK ABOUT THIS PROPERTY

Daniel HannoushBerkshire Hathaway HomeServices New EnglandMore Info
413-313-5067

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Daniel HannoushBerkshire Hathaway HomeServices New EnglandMore Info
413-313-5067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.