17
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$700,000
Est. payment /mo
1,775 SqFt
New
1417 Park St Palmer, MA 01069
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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
HOA Y/N false
Year Built 1978
Annual Tax Amount $3,110
Tax Year 2024
Lot Size 1.540 Acres
Acres 1.54
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
Direction use GPA
Exterior
Utilities Available Public Water, See Remarks
Total Parking Spaces 20
Others
Senior Community false
Listed by NextHome Elite Realty