Investors or astute buyers, an incredible opportunity awaits. This commercial property boasts a prime location with high visibility, zoned for highway business and offering quick access to the MA Pike and major routes. It features approximately 580 +/- feet of frontage on both Thorndike Street (Route 32) and Shearer Street (leading to Route 181). The development potential for this 1.13-acre lot is vast. (Refer to documents for a list of permitted uses, special permit uses, and uses allowed by site plan approvals). In 2023, the property received approval for an Adult Use Cannabis Establishment. The owners are willing to share site plans and conceptual drawings and are open to discussing a land lease. Buyers are encouraged to conduct thorough due diligence with the town of Palmer, including obtaining necessary approvals and permits.
Lot Description:
Level, Corner Lot, Cleared, Fill Needed, Lot Staked
Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School
405 Shearer St, Palmer, MA, 01069
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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