Price Reduced 35.01%

$194,900 ($75.95 per sqft)

Est. Mortgage $985/mo *

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54 Commercial St, Palmer, (Thorndike), MA, 01069

54 Commercial St, Palmer, (Thorndike), MA, 01069
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16 rooms

5 beds

3 Full / 2 Half baths

1944

2,566 sqft

Positioned in a high-demand corridor of Massachusetts/New Hampshire, this property offers a rare combination of stability, growth, potential, and modern functionality with flexible layouts and strong tenant appeal. It is ideally suited for many possible outcomes and incomes. Lot 77 is a versatile 0.385-acre, 2268-square-foot building and development site located in Palmer’s VC4 Village Zoning District, offering a rare combination of size, visibility, and zoning flexibility. The property supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations, making it an attractive opportunity for developers, investors, and owner operators.This property has already undergone wetland delineation, and the wetland sketch is available. The town allows a 4-unit multifamily redevelopment without a special permit, and with the additional parking area, the site could accommodate even more units with a special permit.

Status:

Active

Town:

Palmer

Type:

Multi-family

Units:

3

Zoning:

Village 4

Frontage:

400.00

Garage:

1-car

Basement:

Walk-Out Access

Levels:

3

Parking:

11-car

Acreage:

0.38

Est. Taxes:

$965

Assessment

$52,800

View Description:

Scenic View(s)

MLS #:

73465001

Community Info

School Info

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Listing courtesy of Justine Snyder, Fine Properties, Inc.