1519 Main StPalmer, MA 01069

Property Details for 1519 Main St

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

3,034 SF

Zone code

GB

Property type

Retail properties

Property subtype

Turn key restaurants

APN

PALM M:61 B:223

APU

PALMM61B223

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $737,368

  6.5%

  $680,647

  7%

  $632,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $998,985

  Geo Method

  $998,985

• Alternative Use

  Use

  Valuation

  Residential

  $574,151

  Hospitality

  $525,920

  Educational

  $437,559

  Medical

  $452,607

  Retail

  $680,647

Location Insight

City

Palmer

County

Hampden

State

Massachusetts

Latitude

42.1606

Longitude

-72.336

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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