Active
249 Days on market
54 Commercial St Palmer — Photo 1 of 34

54 Commercial St Palmer — Photo 1 of 34

Recent Drop: $130,000

$299,900
$169,900

$169,900

54 Commercial St, Palmer, MA 01069

Palmer, MA 01069 — Thorndike

Beds

5

Baths

4

SqFt

2,566

Style

3 Family - 3 Units Up/Down

Built

1944

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$66/sqft
Local Avg (Palmer)$180/sqft
63% BelowMarket Average

* Analysis is based on 15 actively listed and recently sold comparable properties strictly within Palmer, MA.

Property Details

Financials

Original Price$299,900
Annual Taxes$965

Parking

Garage1
Off-Street11

Interior Specifications

Total Rooms16
FireplacesNone
Flooring--
BasementWalk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationBlock
ZoningVillage 4

Property & Lot

Acres0.38
SqFt Lot16,553
Lot Features--

Geography

Property History

Price Drop
$169,900

Was $194,900

Jul 16, 2026

MLS® 73465001

Price Drop
$194,900

Was $199,000

Jun 30, 2026

MLS® 73465001

Price Drop
$199,000

Was $250,000

May 29, 2026

MLS® 73465001

Price Drop
$250,000

Was $299,900

Feb 27, 2026

MLS® 73465001

Listed
$299,900

Jan 4, 2026

MLS® 73465001

Expired
$69,900

May 24, 2011

MLS® 71165609

Listed
$69,900

Nov 24, 2010

MLS® 71165609

Terminated
$69,900

Aug 10, 2010

MLS® 71057413

Listed
$69,900

Apr 2, 2010

MLS® 71057413

Terminated
$150,000

Jan 29, 2008

MLS® 70669263

Listed
$150,000

Oct 25, 2007

MLS® 70669263

Population

8,821

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$80K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

25.7%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Hampden County

359 housing units permitted in the last 12 months (+20% vs the prior 12 months) — 74 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Justine Snyder

Listing Office: Fine Properties, Inc.

MLS® Number: 73465001

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