165 Front St | Chicopee, MA 01013
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- LoopNet Team
165 Front St
Chicopee, MA 01013
Silverbrick Mills · Office Property For Sale
Investment Highlights
- Huge Returns: The project models out to a 43.1% IRR on a 4-year hold assuming a $45MM rehab for Phase 1 and $35MM rehab for Phase 2
- Additional Revenue: Cell towers, billboard, and ~600 parking spaces included.
- Entitlements In-Place*: Development project has been previously approved & entitled for 600 residential units and 90,000 SF of storage.
- Strongest Location in Chicopee: Surrounded by I-395 with excellent visibility from I-395, the exit roadway off of I-395, Springfield St and Front St
PROPERTY FACTS
Property Type
Office
Building Size
690,900 SF
Building Class
B
Year Built
1940
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
115,150 SF
Building FAR
0.96
Lot Size
16.49 AC
Zoning
101 - Commercial Business
Parking
600 Spaces (0.87 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Fenced Lot
- Signage
- Skylights
PROPERTY TAXES
| Parcel Number | CHIC-000095-000000-000003 | Improvements Assessment | $842,200 |
| Land Assessment | $83,000 | Total Assessment | $925,200 |
PROPERTY TAXES
Parcel Number
CHIC-000095-000000-000003
Land Assessment
$83,000
Improvements Assessment
$842,200
Total Assessment
$925,200
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