165 Front St | Chicopee, MA 01013
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- LoopNet Team
165 Front St
Chicopee, MA 01013
Multifamily Property For Sale
·
570 Units
INVESTMENT HIGHLIGHTS
- Prime location in downtown Chicopee with excellent visibility from I-395.
- Substantial financial incentives, including a 15-year Tax Increment Exemption (TIE) and various tax credits totaling approximately $34 million.
- Robust market conditions in Springfield with a 2.4% vacancy rate and strong rental growth.
- Entitlements secured for up to 600 residential units and 90,000 square feet of storage space.
- Ready-to-launch Phase 1 with full construction plans ($1.5 million cost) and confirmed readiness for a building permit.
PROPERTY FACTS
PROPERTY TAXES
| Parcel Number | CHIC-000096-000000-000035 | Improvements Assessment | $1,592,500 |
| Land Assessment | $253,200 | Total Assessment | $1,845,700 |
PROPERTY TAXES
Parcel Number
CHIC-000096-000000-000035
Land Assessment
$253,200
Improvements Assessment
$1,592,500
Total Assessment
$1,845,700
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