1329 Memorial Drive, Chicopee, MA 01020 (MLS # 73452794)
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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.
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Listing provided by Daniel Hannoush, Berkshire Hathaway Home Service New England Properties
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