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    Property profile & analytics
    OFF-MARKET Estimated value $770,000
    Turn key restaurants

    1519 Main St, Palmer, MA 01069-1203

    3,034 SF 0.55 ac lot Built 1961
    Entity Owned Free & Clear
    Property ID
    US38-1832042
    Property summary
    AI-generated overview

    This exceptional retail property, formerly a Friendly's restaurant, presents a unique opportunity for lease in the vibrant town of Palmer, Massachusetts. Located at 1519 N Main St, this single-tenant space boasts a generous 3,083 square feet of vacant commercial space, ready for immediate occupancy. The building sits on a sizable 0.551-acre lot, offering ample parking and visibility for your business. Its convenient location in Hampden County ensures easy access for customers and employees alike. The property's previous use as a well-established restaurant suggests strong potential for a variety of retail concepts. The spacious layout provides flexibility for customization to suit your specific business needs. This is an ideal opportunity for a business seeking a high-traffic location with significant square footage in a thriving community. The property is classified as retail commercial and is ready for immediate lease. The zip code is 01069. The property's latitude and longitude coordinates are 42.16038277 and -72.33637503 respectively. This is a single-tenant property. The property is located in Palmer, Massachusetts.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1961
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,034 SF
    Lot 0.55 ac (23,958 SF)
    Zoning code GB
    APN PALM M:61 B:223
    UPID US38-1832042
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $760k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $727k
    Blend (final) Blend
    $770k
    Owner & transaction history
    Panther Dev Palmer LLC
    Panther Dev Palmer LLC
    since 2026
    Last sale
    $775,000
    6 recorded transactions
    2026
    $300,000
    2026
    $575,000
    2024
    $300,000
    2021
    $775,000
    2018
    $348,000
    2002
    $740,000
    Zoning & alternative use
    GB · Palmer, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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