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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

PROPERTY TAXES

Parcel Number
CHIC-000095-000000-000003
Land Assessment
$118,794
Improvements Assessment
$1,205,399
Total Assessment
$1,324,192
  • Listing ID: 30143272

  • Date on Market: 2023-11-21

  • Last Updated:

  • Address: 165 Front St, Chicopee, MA 01013

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