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Property profile & analytics
OFF-MARKET
Commercial real estate

4023 Main St Palmer, MA 01069

20,000 SF 0.84 ac lot
Property ID
US38-0274752
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a unique chance to transform a substantial property in Palmer, Massachusetts. Situated at 4023 Main Street, this 20,000 square foot building sits on a sizable 0.84-acre lot, zoned VC4, offering significant flexibility for various development projects. The property is currently classified as a Class C multifamily building, previously operating as a 12-unit apartment building. The seller has already initiated interior demolition and preliminary engineering work, laying the groundwork for a potential conversion into 18 residential units (apartments or condos), or alternatively, into office space. The existing structure provides a solid foundation for a comprehensive renovation or a complete rebuild, aligning with the permitted zoning regulations. This presents a compelling investment prospect for developers seeking a project with significant upside potential. The seller is willing to provide assistance with securing financing, making this an even more attractive proposition for qualified buyers. The property's location in Palmer, Hampden County, offers convenient access to local amenities and transportation networks. This is a rare chance to acquire a substantial property in a desirable location with significant development potential. Detailed plans and engineering reports are available upon request. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Total area 20,000 SF
Lot 0.84 ac (36,590 SF)
UPID US38-0274752
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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