Commercial Land for Sale

Vacant Land for Sale
Catylist Listing ID: 29843812
Property Subtypes: Retail
Gross Land Area: 40,467 SF
Sale Price: $825,000
Unit Price: $20.39 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

Property is located on the south side of the Deady Memorial Bridge on n/e corner of Broadway & East Main Street (Route 141) which connects Chicopee Falls to Chicopee and Memorial Drive (Route 33). The bridge and intersection just underwent major repairs & upgrades, i.e., bridge superstructure, granite curbing, traffic signals, sidewalk, loop detectors, traffic signs and pavement markings. Site is improved with two one-story retail buildings containing about 8,500/sf and is rented to five tenants. Tenants are all month to month with a combined gross income of $53,400 with tenants paying all their own utilities. Estimated net income is about $30,000 to $35,000.
Unique opportunity for retailer needing maximum exposure with over 83k population in a 3 mile radius & 20,000 to 27,000 cars passing daily. Ideal for bank, cell phone companies, etc.

Attachments & Media

Additional Details

Nearest MSA: Springfield
County: Hampden
Taxing Authority: Chicopee MA
Tax ID/APN: 0174/00016 / 0174/00015
Zoning: BUSINESS A
Market Type: Medium
Property Located Between: Broadway & E. Main St
Road Type: Paved
Property Visibility: Excellent
Traffic/Vehicle Count: 20,000
Transportation: Bus, Highway, Airport
Airports: Bradley International
Site Description: Site is improved with 2 one-story retail buildings containing about 8,500sf and is rented to five tenants. Tenants are all month to month with combined gross income of $53,400 with tenants paying all their own utilities.
Lot Frontage: 100
Development Name: Bridge Development
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,096 116,375 276,753
Median Age: 38.94 36.31 35.74
Households: 5,352 46,021 107,999

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