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102 Grove St 2,880 SF 25% Leased Retail Building Chicopee, MA 01020 $299,999 ($104.17/SF) 20% Cap Rate
Investment Highlights
- 2017 Horton steel flex commercial building with durable steel interior walls and ceiling
- 720 SF addition with potential $1,000/month rental income or separate business space
- Divisible layout supports owner-user occupancy with additional tenant income potential
- Wet-use infrastructure with multiple water connections and large open workspace with center floor drain
- Drainage system already sized to support future building expansion without major site work
- Minutes to Chicopee Marketplace, Memorial Drive retail corridor, and I-90 / I-391 access
Executive Summary
Open House Friday, May 29, 2026 8:30 AM to 10:30 AM
SELLER WILL ASSIST QUALIFIED BUYERS WITH FINANCING STRUCTURE OR INITIAL CASH, SUBJECT TO LENDER APPROVAL AND FINAL TRANSACTION TERMS.
SHORT SALE – Subject to third party approval.
Owner user or investment opportunity featuring a 2,880 SF steel building (constructed 2017) located in Chicopee Zone 4, allowing a wide range of contractor, service, flex industrial, veterinary, grooming, daycare, wellness, and specialty commercial uses.
Includes an approximately 720 SF addition completed approximately one year ago, with seller open to leasing back this portion at $1,000/month including utilities (subject to lender approval and mutually agreed lease terms), providing potential immediate income offset.
Property designed for wet use operations with multiple water connections, center floor drain, multiple entrances, and infrastructure sized with future expansion in mind. Flexible layout supports owner occupancy, investment use, or multi tenant configuration.
Convenient access to I 90, I 91, I 291, and I 391, minutes from the Chicopee Marketplace retail corridor.
Ideal for contractors, animal care operators, specialty medical users, service businesses, or investors seeking newer construction with expansion potential.
Walkthrough video available upon request.
Based on estimated market lease rates and full building occupancy, the property may offer potential gross annual rental income of approximately $65,000. Seller leaseback of the approximately 720 SF addition at $1,000/month including utilities may be available subject to lender approval and mutually agreed lease terms. Remaining space may provide additional leasing flexibility depending on use and occupancy. Income figures are estimates only and are not guaranteed by seller or broker. Buyers should independently verify rental rates, operating expenses, occupancy assumptions, and investment performance.
Sale subject to short sale approval. Closing timeline and terms subject to third party review and approval.
Contact listing agent
Damien Dumont
774-666-0070
ddumont@lamacchiarealty.com
SELLER WILL ASSIST QUALIFIED BUYERS WITH FINANCING STRUCTURE OR INITIAL CASH, SUBJECT TO LENDER APPROVAL AND FINAL TRANSACTION TERMS.
SHORT SALE – Subject to third party approval.
Owner user or investment opportunity featuring a 2,880 SF steel building (constructed 2017) located in Chicopee Zone 4, allowing a wide range of contractor, service, flex industrial, veterinary, grooming, daycare, wellness, and specialty commercial uses.
Includes an approximately 720 SF addition completed approximately one year ago, with seller open to leasing back this portion at $1,000/month including utilities (subject to lender approval and mutually agreed lease terms), providing potential immediate income offset.
Property designed for wet use operations with multiple water connections, center floor drain, multiple entrances, and infrastructure sized with future expansion in mind. Flexible layout supports owner occupancy, investment use, or multi tenant configuration.
Convenient access to I 90, I 91, I 291, and I 391, minutes from the Chicopee Marketplace retail corridor.
Ideal for contractors, animal care operators, specialty medical users, service businesses, or investors seeking newer construction with expansion potential.
Walkthrough video available upon request.
Based on estimated market lease rates and full building occupancy, the property may offer potential gross annual rental income of approximately $65,000. Seller leaseback of the approximately 720 SF addition at $1,000/month including utilities may be available subject to lender approval and mutually agreed lease terms. Remaining space may provide additional leasing flexibility depending on use and occupancy. Income figures are estimates only and are not guaranteed by seller or broker. Buyers should independently verify rental rates, operating expenses, occupancy assumptions, and investment performance.
Sale subject to short sale approval. Closing timeline and terms subject to third party review and approval.
Contact listing agent
Damien Dumont
774-666-0070
ddumont@lamacchiarealty.com
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,880 SF
Building Class
B
Year Built
2017
Price
$299,999
Price Per SF
$104.17
Cap Rate
20%
NOI
$60,000
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
4 - Retail service zoning. Previously approved for animal-related use. Buyer to verify permitted uses including veterinary, restaurant, and service uses.
Parking
10 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
100’ on Grove Street
Amenities
- Fenced Lot
- Security System
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | CHIC-000147-000000-000005 | Improvements Assessment | $146,900 |
| Land Assessment | $93,100 | Total Assessment | $240,000 |
Property Taxes
Parcel Number
CHIC-000147-000000-000005
Land Assessment
$93,100
Improvements Assessment
$146,900
Total Assessment
$240,000
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Contact the Sale Advisor
102 Grove St