104 Lauzier Ter
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104 Lauzier Ter
1,671 SF 47% Leased Retail Building Chicopee, MA 01020 £433,871 (£260/SF) 4.07% Net Initial Yield
Investment Highlights
- Ample Parking
- Near to many amenities
- Possible expansion
Executive Summary
Prime mixed-use property at 104 Lauzier Ter, Chicopee, listed for $549,900! Ideally located just off Memorial Dr, behind Wendy's, and approximately 150' from RT. 33, this versatile property offers both residential and commercial opportunities. The residential unit is currently leased until April 2025, ensuring immediate rental income. The commercial space, presently a hair salon, will be delivered vacant at closing, ready for your business vision. Zoned Business A, this property holds potential for various business ventures. With a special permit, it can be transformed into a total of 4 residential units along with retail space. Don't miss this exceptional investment opportunity in a high-traffic area with endless possibilities!
Financial Summary (Actual - 2023) 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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) 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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,671 SF
Year Built
1949
Price
£433,871
Price Per SF
£260
Net Initial Yield
4.07%
NOI
£17,661
Percent Leased
47%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.10
Land Acres
0.40 AC
Zoning
Business A - Bus A - This district is designed for general businesses located in areas of high traffic volume that are intended to serve an area-wide population.
Parking
20 Spaces (11.97 Spaces per 1,000 SF Leased)
Frontage
75 ft on Lauzier St
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Currently being used as a salon, Space has 2 bathrooms and use of the basement
| Space | Size | Space Use | Position | Available |
| 1st Floor | 983 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 983 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
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1st Floor
| Size | 983 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Currently being used as a salon, Space has 2 bathrooms and use of the basement
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | CHIC-000425-000000-000002 | Total Assessment | £234,228 (2024) |
| Land Assessment | £79,834 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £154,393 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
CHIC-000425-000000-000002
Land Assessment
£79,834 (2024)
Improvements Assessment
£154,393 (2024)
Total Assessment
£234,228 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Carlos Dos Santos - Ideal Real Estate
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Ideal Real Estate
104 Lauzier Ter
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