Mixed-Use Property with Restaurant
377 Wilbraham Street, Palmer, MA 01069
For Sale
$480,000
GC-zoned Route 20 site includes a separate renovated four-bedroom residence and on-site parking.
Property Size1,985 SF
Price / SF$100.29
Days on Market104
Property Features for 377 Wilbraham Street
General Information
Standard status
Size
Lease Term
Property Condition
Severity
Evidence
Site & Location
Highway Access
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty - Western MA
(413) 567-8931
Listed By:
Maria Von Hollander
(413) 374-7220
Source:
Iverty
Added: Jul 27
Changed: Nov 6
Last Checked: Nov 6 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Western MA
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 4,786-square-foot commercial building, formerly operated as a restaurant, with a separate 1,644-square-foot single-family home. The commercial structure needs a full rehabilitation. The residence has four bedrooms and two bathrooms and has been renovated. A proposed two-story building plan is available for buyer consideration.
The property sits on Route 20 at the Palmer–Wilbraham line, along an east–west corridor. Access to the Massachusetts Turnpike (I-90) is approximately 12 minutes away, and Brimfield State Forest is nearby. The site has on-property parking and GC zoning.
The commercial building and home are served by two separate septic systems and share a well, with potential to separate the water supply. The home is located across from the commercial property and has views of a nearby pond.
The property sits on Route 20 at the Palmer–Wilbraham line, along an east–west corridor. Access to the Massachusetts Turnpike (I-90) is approximately 12 minutes away, and Brimfield State Forest is nearby. The site has on-property parking and GC zoning.
The commercial building and home are served by two separate septic systems and share a well, with potential to separate the water supply. The home is located across from the commercial property and has views of a nearby pond.
Key Highlights
- 4,786‑square‑foot commercial building and separate 1,644‑square‑foot residence
- Former restaurant building requires total rehabilitation
- Renovated home with 4 bedrooms and 2 bathrooms
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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Business Placement
Demographics for 01069, MA
8,428
Population
4,192
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
86%
High-School Grad
28.1 sq mi
ZIP Area
300
Density / Sq Mi
$79,725
Median Household Income
$50,341
Median Earnings
$929
Median Rent
$251,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Hampden County, MA
Properties on Market for Mixed-use properties in Hampden County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - GC-zoned Route 20 site includes a separate renovated four-bedroom residence and on-site parking.
Where is this mixed-use property located?
The property is located at 377 Wilbraham Street Palmer, MA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4,786‑square‑foot commercial building and separate 1,644‑square‑foot residence; Former restaurant building requires total rehabilitation; Renovated home with 4 bedrooms and 2 bathrooms
