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1519 Main St Palmer, MA 01069-1203

OFF-MARKET Turn key restaurants Google Maps
3,034 SF 0.55 ac lot Built 1961
Entity Owned Free & Clear
Estimated value (blended)
$760k
Range $684k – $836k (±10%)
Property ID US38-1832042

Property summary

AI-generated overview

This exceptional retail property, formerly a Friendly's restaurant, presents a unique opportunity for lease in the vibrant town of Palmer, Massachusetts. Located at 1519 N Main St, this single-tenant space boasts a generous 3,083 square feet of vacant commercial space, ready for immediate occupancy. The building sits on a sizable 0.551-acre lot, offering ample parking and visibility for your business. Its convenient location in Hampden County ensures easy access for customers and employees alike. The property's previous use as a well-established restaurant suggests strong potential for a variety of retail concepts. The spacious layout provides flexibility for customization to suit your specific business needs. This is an ideal opportunity for a business seeking a high-traffic location with significant square footage in a thriving community. The property is classified as retail commercial and is ready for immediate lease. The zip code is 01069. The property's latitude and longitude coordinates are 42.16038277 and -72.33637503 respectively. This is a single-tenant property. The property is located in Palmer, Massachusetts.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,034 SF
Lot 0.55 ac (23,958 SF)
Zoning code GB
APN PALM M:61 B:223
UPID US38-1832042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$727k
Blend (final) Blend
$760k

Owner & transaction history

since 2026
Last sale
$775,000
6 recorded transactions
2026
$300,000
2026
$575,000
2024
$300,000
2021
$775,000
2018
$348,000
2002
$740,000

Zoning & alternative use

GB · Palmer, MA
Zoning description

rlay Maps indicate which sites are subject to the additional regulations. § 171-52 List of business zones. The full names and abbreviations of the business zones are listed below. Full Name Abbreviation General Business…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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