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405 Shearer St, Palmer, MA, 01069

$725,000

1.13 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeBusiness
MLS #73294684
Lot Size1.13 Acres
StatusActive

About 405 Shearer St

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.

Property Details

Property Features

Listing Office:

  • Office Name: RE/MAX Connections
  • Office Phone: (413) 596-8500
  • Listing Agent: Brenda Binczewski

Lot Features

Lot Information:

  • Lot: Level, Corner Lot, Cleared
  • Lot Size: 1.13 Acres

Other

Directions Information:

  • Directions: MA Pike to Palmer Exit, left onto Thorndike Street (route 32) lot is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000

Tax Information:

  • Annual Amount: $3,791
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Palmer, MA.

Med. Sold Price

$330.2K

Med. Price/SqFt

$211

Avg. Days On Market

35

# of Sold Homes

12

405 Shearer St vs Palmer

53 DAYS ON ROCKET

+18 Days

$725,000

+$394.7K More

KEY TAKEAWAY

This property is $394.7K more than the Median Sold Price in Palmer, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73294684

Listing Office:

  • Office Name: RE/MAX Connections
  • Office Phone: (413) 596-8500
  • Listing Agent: Brenda Binczewski

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,791$167,500
2020$3,678$161,300
2019$3,571$161,300
2018$3,464$156,900
2017$3,384$156,900

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-366862
4
/10
  • Old Mill Pond

  • 4107 Main St

  • 1.24 miles

  • Public District Grades PK-5

school-card-donut-366863
4
/10
  • Granite Valley School

  • 21 Thompson St

  • 4.14 miles

  • Public District Grades 1-6

school-card-donut-366864
6
/10
  • Warren Elementary School

  • 51 School House Dr

  • 5.43 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,436. Typical income of Palmer, MA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 Shearer St

What is the listing price of this property?

The listing price of 405 Shearer St property is $725,000.

What type of property is this?

The property 405 Shearer St is land located in Palmer, Massachusetts, 01069.

Is this property for sale now?

Active Listing: 405 Shearer St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,791 (source: MLS/based on county public records data).

How much acreage is this property?

The property 405 Shearer St is 1.13 acres.
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Rocket HomesMassachusettsHampden CountyPalmer01069405 Shearer St

This home is located at 405 Shearer St in Palmer, MA and zip code 01069. This home sits on a 1.13 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $725,000.

In October 2024 more than 6 listings in Palmer, MA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 3 were sold below. In October 2024 in Palmer, MA there were 2% less homes for sale than in September 2024. While the average time on the market in October 2024 was 35 days, the median list price was $330,250.

From Rocket Homes Real Estate and based on county public records data.

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