
54 Commercial St Palmer — Photo 1 of 34
Recent Drop: $130,000
$169,900
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.
* Analysis is based on 15 actively listed and recently sold comparable properties strictly within Palmer, MA.
Was $194,900
Jul 16, 2026
MLS® 73465001
Was $199,000
Jun 30, 2026
MLS® 73465001
Was $250,000
May 29, 2026
MLS® 73465001
Was $299,900
Feb 27, 2026
MLS® 73465001
Jan 4, 2026
MLS® 73465001
May 24, 2011
MLS® 71165609
Nov 24, 2010
MLS® 71165609
Aug 10, 2010
MLS® 71057413
Apr 2, 2010
MLS® 71057413
Jan 29, 2008
MLS® 70669263
Oct 25, 2007
MLS® 70669263
8,821
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$80K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
25.7%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: Justine Snyder
Listing Office: Fine Properties, Inc.
MLS® Number: 73465001
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