Excellent Commercial Investment Opportunity! This versatile property offers ample on-site parking and features two spacious commercial units, each measuring 2,160 square feet. The upper level features a bright, open floor plan currently leased to a successful tattoo studio, providing immediate rental income. The lower level was undergoing a transformation, with renovations underway to convert the space into a bar or restaurant. Key infrastructure is already in place, including a commercial hood, select fire suppression components, and rough mechanicals. The space will be delivered unfinished, giving the new owner the flexibility to customize and complete the project to suit their vision. Additional highlights include an ELEVATOR providing convenient access from the lower level to the main parking area. This is a rare chance to invest in a property with strong income potential and room for value-add improvements.
52 Gladdu Ave, Chicopee, MA, 01020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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