1378 Main St Palmer, MA 01069
- Retail properties
- 2,320 SF
Current Use by Public Records
- Retail properties
Property Details for 1378 Main St
- Year built
- 1949
- Property size
- 2,320 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving restaurant, located at 1378 Main St in Palmer, Massachusetts (zip code 01069), presents a unique owner-user investment opportunity. The property, built in 1949 and extensively renovated in 2024, boasts 2,320 square feet of space situated on a 2,614 square foot lot. The single-story building is zoned VC1 and includes four parking spaces. The asking price is $390,000, translating to $168.10 per square foot. The restaurant has been a highly successful breakfast and lunch establishment for seven years, enjoying a loyal local following and attracting customers from beyond Palmer. The 2024 renovation included a completely updated kitchen featuring a new hood and Ansul fire suppression system, ensuring a smooth transition for new ownership. The restaurant comfortably seats over 50 patrons indoors, with additional outdoor seating available seasonally. The property is available for occupancy starting August 21, 2024. This is a rare opportunity to acquire a well-established, profitable restaurant in a desirable downtown location. The business is ready to operate, requiring minimal investment from the new owner. Don't miss this chance to own a piece of Palmer's culinary scene.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmer
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.329
- Latitude
- 42.1564
