1417 Park St Active Save Request In-Person Tour Request Virtual Tour
Palmer,MA 01069
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,775 sqft
Price per Sqft $394
MLS Listing ID 73364095
Year Built 1978
Annual Tax Amount $3,110
Tax Year 2024
Lot Size 1.540 Acres
Property Description
Attention investors looking for a lucrative property with enormous potential for growth. Look no further, this well-established motel offers the perfect balance of cash flow and great upside, fully occupied generates an income of approximately $117,000/year. One of the standout features of this property is its untapped potential. The expansive lot, 1.54 acres, offers ample space for future development, outdoor amenities or expanded landscaping. Currently 7 active rooms with 2 unfinished rooms, that have already been approved by the town and could add an extra $36,400 in yearly income. Don't miss this rare and lucrative opportunity.
Location
State MA
County Hampden
Zoning GB
Exterior
Utilities Available Public Water,See Remarks