1448 Main StPalmer, MA 01069

Property Details for 1448 Main St

Year built

1900

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

5,832 SF

Zone code

VC1

Property type

Office buildings

APN

PALM M:57 B:9

APU

PALMM57B9

Description

This exceptional Class A office building, located at 1448 N Main St in Palmer, Massachusetts, offers a unique opportunity for businesses seeking flexible and high-quality workspace. Built in 1900 and extensively renovated in 2018, this two-story building boasts 5,500 square feet of total space, currently featuring 3,391 square feet of vacant office space available for lease. Multiple tenancy options are available, with a minimum divisible space of 1,000 square feet, allowing for customization to suit various business needs. The property is zoned for business use and includes a convenient rear parking lot with 25 spaces, supplemented by ample street-side parking. The building's prime location offers easy access to the Massachusetts Turnpike, ensuring convenient commuting for employees and clients. The interior features beautifully built-out, move-in ready office spaces on both the first and second floors, reflecting the high standards of a Class A property. This is an ideal location for businesses seeking a prestigious and functional office environment in the thriving Palmer, MA market. The property is situated in a business-zoned area, ensuring compatibility with a wide range of commercial activities. This exceptional opportunity combines historical charm with modern amenities, creating a truly unique and desirable office space.

• CAP approach

  CAP return

  Valuation

  6%

  $964,204

  6.5%

  $890,034

  7%

  $826,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $762,009

  Geo Method

  $762,009

• Alternative Use

  Use

  Valuation

  Residential

  $1,103,642

  Hospitality

  $1,010,931

  Educational

  $841,082

  Medical

  $870,008

  Retail

  $1,308,350

Location Insight

City

Palmer

County

Hampden

State

Massachusetts

Latitude

42.1579

Longitude

-72.3309

CBSA code

44140

CBSA name

SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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