54 Commercial St. Palmer, MA 01709
Convenience Store or Multifamily - gutted building
Marketing description
54 Commercial Rd, Palmer, MA
Positioned in a high-demand corridor of Massachusetts/New Hampshire, this property offers a rare combination of stability, growth, potential, and modern functionality with flexible layouts and strong tenant appeal. It is ideally suited for many possible outcomes and incomes. Lot 77 is a versatile 0.385-acre, 2268-square-foot building and development site located in Palmer’s VC4 Village Zoning District, offering a rare combination of size, visibility, and zoning flexibility. The property supports a wide range of uses, including retail, office, mixed-use, residential, multi-family, cold storage, and live-work configurations, making it an attractive opportunity for developers, investors, and owner‑operators.
This property has already undergone wetland delineation, and the wetland sketch is available. The town allows a 4-unit multifamily redevelopment without a special permit, and with the additional parking area, the site could accommodate even more units with a special permit. The existing kitchen has a grease trap. The owner also has pricing available for paving the delineated parking area. The basement is unfinished, has two egresses, and a garage door entrance.
— Key Selling Points
0.385 acres — larger than typical surrounding parcels
Located in the Village Zoning District
Zoning allows residential, mixed-use, and small commercial uses
Suitable for a convenience store, retail building, or neighborhood‑serving business
Strong road frontage for visibility, access, and customer traffic
Regular, build‑friendly geometry ideal for efficient site planning
Quiet, established area with proximity to local amenities
Potential for ample parking and flexible site layout
Attractive to convenience stores, builders, investors, and owner‑operators seeking a versatile development site
Investment highlights
INVESTMENT HIGHLIGHTS
Zoning Flexibility: Village zoning allows commercial, residential, multifamily, and hybrid uses.
Retail‑Ready Frontage: Strong visibility and access for customer-facing businesses.
Efficient Site Geometry: Reduces engineering and sitework costs.
Traffic Exposure: Positioned to capture steady neighborhood traffic flow.
Multiple Exit Strategies: Retail, mixed-use, owner-occupied, or long-term hold.
DEVELOPMENT POTENTIAL
Retail: Convenience store, boutique retail, service business
Office: Professional office, wellness studio, small medical
Mixed‑Use: Ground‑floor commercial with residential above
Live‑Work: Home with attached storefront or office
Residential: Single-family or with future
Multifamily approved for 4 units w/o special permit and more with a special permit, with future commercial upside
OWNER‑OPERATOR ADVANTAGE
Combine home + business to reduce overhead
On-site parking and signage opportunities, garage entrance at base level
Ability to expand or adapt over time
Ideal for small business owners seeking autonomy and visibility
The restaurant has a grease trap
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