1. Massachusetts
  2. Palmer
  3. 1417 Park St
$700,000

1417 Park St, Palmer, MA 01069

  • 1,775 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1978
  • Property Lot Size Icon1.54acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $394/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
NextHome Elite Realty : 413-391-1969
Listing Agent:
Indra Harris : 413-314-8883
MLS ID:
73364095
  • Originating MLS: MLS Property Information Network
  • County: Hampden

This listing courtesy of Indra Harris, NextHome Elite Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

O

Old Mill Pond

4107 Main St, Palmer, MA, 01069

Grades PK-5

3.15 miles away

P

Palmer High School

4105 Main St, Palmer, MA, 01069

Grades 6-12

3.11 miles away

P

Palmer High School

4105 Main St, Palmer, MA, 01069

Grades 6-12

3.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.