26
Map
$575,000
●
Land -
For Sale
101 Ware Street
Palmer, MA 01069
Studio
0 Bath
$3,042
Est. Monthly
About This Property
Discover an expansive 13.50-acre parcel of commercially zoned land
boasting exceptional visibility, with over 1930 feet of road
frontage on both Ware Street (Route 32) and Breckenridge Street.
Positioned conveniently close to various amenities, major routes,
and the MA Pike, this property presents a prime investment
opportunity. While featuring a sizable, cleared section, there is
also wooded terrain, offering diverse potential for development.
Access to town water and sewer further enhances the appeal of this
property. Notably, the zoning has transitioned from suburban
residential to highway business, opening up a multitude of
possibilities. Buyers are encouraged to conduct thorough due
diligence with the town of Palmer, including obtaining necessary
approvals and permits.
Unit Size
-
Days on Market
-
Land Size
13.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$218
HOA Dues
-
Year Built
1900
Listed By
Brenda Binczewski
RE/MAX Connections
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (MLSPIN #73477710)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2026 | Listed by REMAX Connections | $575,000 | |
| Listed by REMAX Connections | |||
| Jul 3, 2025 | No longer available | - | |
| No longer available | |||
| May 13, 2024 | Listed | $575,000 | |
| Listed | |||
| | |||
|
Discover an expansive 13.50-acre parcel of commercially zoned land boasting exceptional visibility, with over 1930 feet of road frontage on both Ware Street (Route 32) and Breckenridge Street. Positioned conveniently close to various amenities, major routes, and the MA Pike, this property presents a prime investment opportunity. While featuring a sizable, cleared section, there is also wooded terrain, offering diverse potential for development. Access to town water and sewer further enhances the appeal of this property. Notably, the zoning has transitioned from suburban residential to highway business, opening up a multitude of possibilities. Buyers are encouraged to conduct thorough due diligence with the town of Palmer, including obtaining necessary approvals and permits.
| |||
| Jan 18, 2024 | No longer available | - | |
| No longer available | |||
| Jul 17, 2023 | Listed by RE/MAX Connections | $575,000 | |
| Listed by RE/MAX Connections | |||
| | |||
|
This 13.50 acre commercially zoned lot has over 1930 feet of road frontage on Ware Street (Route 32) and Breckenridge Street with high visibility. It is conveniently located close to area amenities, major routes and the MA Pike. There is a large level section that was cleared at one point in time, the rest of the lot is wooded. This lot offers access to town water and sewer. The three parcels that are being sold together. The zoning has been changed from SR-suburban residential to HB-Highway business. The Buyer is to do their due diligence with the town of Palmer. The Buyer is responsible to obtain any lot approvals and permits.
| |||
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Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Rolling Slope, Wetlands, Sloped, Wooded, Cleared, Other
Lot Size Area: 13.5
Lot Size Units: Acres
Lot Size Acres: 13.5
Lot Size Square Feet: 588060
Tax Lot: 31&32
Water Source: Public, At Street
Financial Details
Tax Map Number: 74
Tax Assessed Value: $142,980
Tax Annual Amount: $2,612
Utilities Details
Sewer : Public Sewer, At Street
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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