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24 Water St 26,318 SF 100% Leased Industrial Building Palmer, MA 01069 $575,000 ($21.85/SF)
Investment Highlights
- Historic 26,318 SF industrial building constructed in 1924 with solid and durable construction.
- Flexible floor plan offering opportunities for customization and modernization.
- Strong potential for redevelopment or adaptive reuse to meet evolving business needs.
- Spacious interior layout suitable for manufacturing, assembly, or distribution operations.
- Located in the Palmer area with convenient access to regional transportation routes.
- Positioned within a market that supports industrial and manufacturing investment opportunities.
Executive Summary
24 Water Street, Palmer, MA, is a prime industrial/manufacturing investment opportunity. This historic 26,318 SF building, constructed in 1924, offers immense potential for growth and development. With its substantial size and storied past, this property boasts an ideal layout for manufacturing operations, assembly, or distribution.
Property Facts
| Price | $575,000 | Building Class | C |
| Price Per SF | $21.85 | Lot Size | 0.67 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 26,318 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1924 |
| Zoning | IA | ||
| Price | $575,000 |
| Price Per SF | $21.85 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.67 AC |
| Rentable Building Area | 26,318 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | IA |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $373,800 | |
| Land Assessment | $105,100 | Total Assessment | $478,900 |
Property Taxes
Parcel Numbers
Land Assessment
$105,100
Improvements Assessment
$373,800
Total Assessment
$478,900
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24 Water St