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Versatile Development Site in Palmer
For Sale
$194,900

54 Commercial St, Thorndike, MA

0.385-acre site suitable for retail, office, or residential development.

Property Size3,759 SF
Lot Size0.39 Acres
Price / SF$51.85
Days on Market209

Property Features for 54 Commercial St

General Information

Standard status Active
Size 3,759 SF
Lot size 0.39 Acres
Property subtype Residential Income
Listing Agency: Fine Properties, Inc.
Listed By: Justine Snyder · License #454210020
Source: Exprealty
Added: Jan 4 Changed: Jul 10 Last Checked: Jul 31 at 3:27PM

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 Fine Properties, Inc.

Investment Insights

Based on property information with market context.

This 0.385-acre property features a 2268-square-foot building and development site located in a high-demand corridor of Massachusetts/New Hampshire. Situated in Palmer’s VC4 Village Zoning District, the property offers a combination of size, visibility, and zoning flexibility. It supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations. The town allows a 4-unit multifamily redevelopment without a special permit. With the additional parking area, the site could accommodate even more units with a special permit. This property has already undergone wetland delineation, and the wetland sketch is available. The property is suited for developers, investors, and owner operators.

Key Highlights

  • High‑demand location in Massachusetts/New Hampshire corridor.
  • Versatile VC4 Village Zoning District allows for retail, office, mixed‑use, residential, multi‑family, cold storage, and live‑work configurations.
  • Town allows 4‑unit multifamily redevelopment without a special permit.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Parking Lot & Garage Garden Center Electrical Service Bar & Pub Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 0.385-acre site suitable for retail, office, or residential development.
Where is this mixed-use property located?
The property is located at 54 Commercial St Thorndike, MA.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: High‑demand location in Massachusetts/New Hampshire corridor.; Versatile VC4 Village Zoning District allows for retail, office, mixed‑use, residential, multi‑family, cold storage, and live‑work configurations.; Town allows **4‑unit multifamily redevelopment without a special permit.**
More about this property
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