54 COMMERCIAL ST Palmer MA 01079

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

• 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