Positioned in a high-demand corridor of Massachusetts/New Hampshire, this property offers a rare combination of stability, growth, potential, and modern functionality with flexible layouts and strong tenant appeal. It is ideally suited for many possible outcomes and incomes. Lot 77 is a versatile 0.385-acre, 2268-square-foot building and development site located in Palmer’s VC4 Village Zoning District, offering a rare combination of size, visibility, and zoning flexibility. The property supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations, making it an attractive opportunity for developers, investors, and owner operators.This property has already undergone wetland delineation, and the wetland sketch is available. The town allows a 4-unit multifamily redevelopment without a special permit, and with the additional parking area, the site could accommodate even more units with a special permit .CASH AS-IS
This home has been viewed 14 times
Last Checked: October 13th, 2026 at 5:18am (Source: MLS PIN #73465001)
Gross Income: $0
Gross Expenses: $965
Net Income Calc: $965
Water Views
Annual Expenses for 54 Commercial St, Palmer MA 01069
Total Gross Expenses (Calculated)$965/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax965
Annual Income & Unit Breakdown for 54 Commercial St, Palmer MA 01069
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
Lease
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
General Information for 54 Commercial St, Palmer MA 01069
Listing ID73465001
Property TypeMulti Family / 3 Family
Price168000 ($65.47/SqFt)
Style3 Family - 3 Units Up/down
CityPalmer
CountyHampden
MLS AreaThorndike
Neighborhood(s)
Approximate Living Area Total2566
Approximate Lot Size (Acres)0.38
Total Parking12 (1 Garage)
Garage Parking1
Year Built1944
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningVillage 4
Water ViewsYes
Water Views FeaturesBay
Waterfront0
Waterfront Features
Terms
Disclosures for 54 Commercial St, Palmer MA 01069
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOther
ExclusionsBlack Light Fixture Above Storage Bench In Kitchen.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 54 Commercial St, Palmer MA 01069
Real Estate Taxes965
Tax Year2025
Assessed Value$52,800
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 54 Commercial St, Palmer MA 01069
Neighborhood(s)
MLS AreaThorndike
Area Amenities
Contact Information for 54 Commercial St, Palmer MA 01069