165 Front St - Apartments FOR SALE
Chicopee, MA 01013 |
165 Front St
Chicopee, MA 01013
HIGHLIGHTS
- Prime location in downtown Chicopee with excellent visibility from I-395.
- Entitlements secured for up to 600 residential units and 90,000 square feet of storage space.
- Substantial financial incentives, including a 15-year Tax Increment Exemption (TIE) and various tax credits totaling approximately $34 million.
- Ready-to-launch Phase 1 with full construction plans ($1.5 million cost) and confirmed readiness for a building permit.
- Robust market conditions in Springfield with a 2.4% vacancy rate and strong rental growth.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
-
STATUS
Proposed
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Warehouse
TOTAL BUILDING SIZE
450000
STORIES
5
YEAR BUILT
2027
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
CHIC-000096-000000-000035
