4023 Main StPalmer, MA 01069

Property Details for 4023 Main St

Lot size

0.84 AC

Property size (Sq ft)

20,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Palmer

County

Hampden

State

Massachusetts

Latitude

42.19

Longitude

-72.3346

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