45 North Main Street
Belchertown, MA 01007
Direct: 413-323-7295 x 6236 
Phone: 413-221-5230 
Fax: 413-323-4549 

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1517 Memorial Drive, Chicopee, MA 01020

Commercial

$600,000
Price

1
Buildings
Mixed Use
Type of Comm.
6,200.00
Lot Size
Don't miss out on this mixed use residential and commercial building available now! Memorial Drive location next to busy shopping area. Building houses three long term business tenants with multiple year leases and additional residential tenant with lease. Good cash flow. Walkout basement and two car garage under, currently used by owners for storage, has been leased to businesses in the past with parking and access in the rear of the building, so there is the potential for even more rental income. Easy to view walkout basement and garage areas. What an opportunity, call for an appointment!
Open House
No scheduled Open Houses
Highlights
Lot Size: 6,200.00
Acres: 0.14
List Price: $600,000
Type: Commercial
Type of Comm.: Mixed Use
Status: Active
Restrooms: 7
Stories: 2
Buildings: 1
Units: 7
Year Built: 1959
MLS#: 72862320
Exterior
Acres: 0.14
Space Dividable: No
Expandable: No
Lot Size: 6,200.00
Parking Spaces: 15
Parking Features: 11-20 Spaces, Improved Driveway, Paved Driveway
Roof Material: Combination
Sprinklers: No
Location: Suburban, Strip, Highway Access, Corner Lot
Utilities: Public Water, Public Sewer, Natural Gas
Taxes
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $295,300
Condo Assoc.: No
Assessed Land Value: $134,300
Exchange: No
Gross Annual Expenses: $5,415
Mill Rate: $18
Gross Annual Income: $56,895
Taxes: $7,565
Tax Year: 2021
Net Operating Income: $51,480
Book/Page: 20532/226
Sublet: No
Special Financing: No
Survey: Yes
Total Assesed Value: $429,600
Zone Description: Legal Conforming
 
 
Features
Office Units: 1
Retail Units: 2
Residential Units: 1
Warehouse Units: 3
 
 
Additional
Exclusions: All tenant owned business and personal property.
Disclosure Declaration: No
Disclosure: Property is 3 tax parcels, Map 653-14, 15, 16. Newer roof and some newer windows on building plus recent renovations in one frontage unit. Modified net lease with tenants paying all their own utilities and parking maintenance. Owner pays water.
For Lease: Yes
Space Available: For Sale
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The listing office is Jones Group REALTORS® and the listing agent is The Bay Path Team. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 9/17/2021 11:35:00 AM.


Jones Group REALTORS®   Jim Potter
Jones Group REALTORS®
45 North Main Street • Belchertown, MA 01007 Map it
Direct: 413-323-7295 x 6236 • Phone: 413-221-5230 
Fax: 413-323-4549 
[email protected]

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