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    1376 Main St Palmer, MA 01069

    For Sale
    $390,000

    Established Eatery, Prime Location, High Profits

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This thriving breakfast and lunch restaurant, located at 1376 Main Street in the heart of Palmer, MA, presents a unique investment opportunity. Boasting a highly visible downtown location, this beloved establishment has cultivated a loyal following over its seven-year history, attracting both local residents and out-of-town diners. The restaurant's success is evident in its consistent patronage and strong reputation within the community. A significant advantage for prospective buyers is the recently renovated kitchen (completed in 2024), featuring a brand-new hood system and an Ansul fire suppression system. This upgrade ensures a smooth transition for new ownership and minimizes immediate capital expenditure needs. The spacious interior comfortably seats over 50 patrons, and the property also offers additional outdoor seating options for seasonal use, expanding capacity and enhancing the dining experience. The sale includes all existing restaurant equipment, excluding the leased dishwasher and coffee maker. Note that a decorative Betty Boop display piece is not included in the sale. This turnkey operation is priced at $390,000 and sits on a 0.06-acre lot, offering a rare chance to acquire a well-established and profitable business in a desirable location. The property's strong reputation and recent kitchen renovations make this a truly exceptional opportunity for a savvy investor.

    Property Features for 1376 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Angel's 1376 Palmer ... American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.32903
    Latitude
    42.15637

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    FAQs

    What type of property is this?
    Commercial real estate - Established Eatery, Prime Location, High Profits
    Where is this commercial real estate located?
    The property is located at 1376 Main St Palmer, MA.
    What is the asking price?
    The asking price for this property is $390,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1376 Main St Palmer, MA 01069
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