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    1080 Stafford St Leicester, MA 01542

    Sponsored
    For Sale
    $325,000

    Dual-income potential, updated systems.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Leicester, MA property presents a rare investment opportunity. Currently housing Buddy's Spa, a well-established diner known for its nostalgic charm and loyal customer base, this 0.17-acre site offers significant dual-income potential. The diner's prime location on Stafford Street ensures high visibility and traffic. Recent upgrades significantly enhance the property's value and operational efficiency. These include a brand-new furnace, a new oil tank (installed approximately two years ago), a new hot water tank (installed approximately three years ago), and an updated electrical panel (installed approximately five years ago). An adjacent space, currently operating as a hair salon, provides an additional income stream. New owners can leverage this existing rental income or integrate the space into their business operations. This versatile property is ideally suited for investors seeking to expand existing ventures or establish new businesses within a thriving community. The property's strong history and recent improvements make it an attractive proposition for those seeking a stable and potentially lucrative investment. The combination of a well-established diner and a separate rental space offers a unique opportunity for growth and diversification. This is a chance to acquire a turn-key operation in a desirable location with significant upside potential. The asking price is $325,000.

    Property Features for 1080 Stafford St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1910
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.90586
    Latitude
    42.19496

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    FAQs

    What type of property is this?
    Commercial real estate - Dual-income potential, updated systems.
    Where is this commercial real estate located?
    The property is located at 1080 Stafford St Leicester, MA.
    What is the asking price?
    The asking price for this property is $325,000.
    (508) 425-7372
    Request Owner's contact information
    1080 Stafford St Leicester, MA 01542
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    Leicester, MA 01542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1080 Stafford St Leicester, MA 01542
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