4 Dale CtChicopee, MA 01013

Property Details for 4 Dale Ct

Year built

1965

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

3,840 SF

Zone code

106

Property type

Investment properties

Property subtype

Live-work space

APN

CHIC M:0477 P:00005

APU

CHICM0477P00005

Description

This exceptional Chicopee investment property offers a diverse income stream and significant upside potential. The centerpiece is a well-maintained convenience store operating under a secure 10-year lease, generating a consistent monthly rental income of $2,200. Adding to the profitability, the property includes two completely renovated 2-bedroom, 1-bathroom apartments. One apartment is currently leased at $1,600 per month, while the second apartment is vacant, providing immediate opportunity for additional rental income or owner occupancy. Beyond the building itself, a significant advantage is the inclusion of a 0.41-acre commercial lot adjacent to the main structure. Currently utilized as parking, this lot presents a wealth of possibilities for expansion or redevelopment. Prospective buyers are encouraged to explore potential uses with the town of Chicopee. The property also features convenient off-street parking for tenants and customers. This multifaceted property presents a rare opportunity to acquire a well-established commercial operation with significant growth potential, combining established rental income with the flexibility of a large, undeveloped commercial lot. The combination of a stable, long-term lease, existing rental income, and the potential of the vacant apartment and additional land makes this an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $634,867

  6.5%

  $586,031

  7%

  $544,171

• Comparable approach

  Method

  Valuation

  Relative Method

  $501,734

  Geo Method

  $501,734

• Alternative Use

  Use

  Valuation

  Residential

  $726,678

  Hospitality

  $665,633

  Educational

  $553,799

  Medical

  $572,845

  Retail

  $861,465

Location Insight

City

Chicopee

County

Hampden

State

Massachusetts

Latitude

42.1813

Longitude

-72.5967

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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