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    1372 Main St Palmer, MA 01069

    For Sale
    $460,000

    Profitable Salt Spa, Fully Renovated

    Property size:
    2,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,520 square foot storefront, located at 1372 Main St in Palmer, Massachusetts (zip code 01069), presents a unique investment opportunity. Built in 1894 and extensively renovated in 2019, this single-story building boasts a stunning appearance and high-quality finishes. The property is zoned VC1 and features a spacious first-level retail area complete with a service counter, waiting area, office, kitchenette, and two ADA-compliant bathrooms. The lower level offers three salt rooms, two salt beds, ample locker space, and a storage area equipped with washer and dryer hookups. The property benefits from a new HVAC system and a 200-amp electrical service, installed during the 2019 renovation. This turnkey operation is ideal for a new salt spa business or an entrepreneur looking to add their own creative vision to an already established and successful space. The asking price is $460,000. This is a rare chance to acquire a fully renovated, historically significant property in a desirable location with significant potential for immediate income generation. The property's excellent condition and modern amenities make it a truly exceptional offering.

    Property Features for 1372 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,520 SF

    Building Details

    Year Built/Renovated
    1894/2019
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enisde's Salt Therapy Spa

    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
    -72.3289654
    Latitude
    42.1563327

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Salt Spa, Fully Renovated
    Where is this individual retail property located?
    The property is located at 1372 Main St Palmer, MA.
    What is the asking price?
    The asking price for this property is $460,000.
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    1372 Main St Palmer, MA 01069
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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
    1372 Main St Palmer, MA 01069
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