1010 Thorndike St, Palmer, MA 01069-1505
This meticulously remodeled and maintained commercial building in Palmer, MA, presents a unique investment opportunity. Located in the heart of Palmer's revitalized downtown, this property boasts convenient access to major highways, including the MA Pike (I-90) and Route 20, ensuring easy commutes to Worcester, Boston, and Springfield. The building's prime location benefits from Palmer's growing population, attracting new residents from the Boston and Worcester areas. Its versatile layout is suitable for a wide range of businesses, including medical practices, law offices, showrooms, and professional offices. The property features ample off-street parking, a convenient receiving dock, and exterior basement access. The exterior showcases excellent curb appeal, highlighted by the American Legion Post 130 Walk of Honor. Security features include a comprehensive security system, cameras, and key fob entry. Inside, the building impresses with high ceilings, abundant natural light from numerous windows, creating a bright and productive workspace. The building's exceptional condition reflects the meticulous care taken in its maintenance and remodeling. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a rapidly developing town. The property sits on a 0.2-acre lot and is listed at $985,000.
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Fire Service Group General Contractor Security Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
VC1 · Palmer, MAPalmer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.