$700,000
1417 Park St
Palmer, MA, 01069
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.
Property Details
Price:
$700,000
MLS #:
73364095
Status:
Active
Beds:
0
Baths:
0
Address:
1417 Park St
Type:
Commercial
City:
Palmer
Listed Date:
Apr 24, 2025
State:
MA
Finished Sq Ft:
1,775
Total Sq Ft:
1,775
ZIP:
01069
Lot Size:
67,082 sqft / 1.00 acres (approx)
Year Built:
1978
Schools
Interior
Exterior
Parking Spots
20
Financial
Tax Year
2024
Taxes
$3,110
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
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Courtesy of NextHome Elite Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
1417 Park St
Palmer, MA
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