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    515 Pleasant St, Unit Leicester Leicester, MA 01524

    For Sale
    $375,000

    8.28 acre commercial land parcel in Leicester, Massachusetts.

    Property size:
    8 SF
    Lot size:
    8.28 Acres

    Property Features for 515 Pleasant St

    General Information

    Size
    8 SF
    Lot size
    8.28 Acres

    Source: Jeffrey Borus Agent Jeffrey Borus

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leicester Land Parcel For Sale

    This is an 8.28 acre parcel zoned RIB and RA, situated along Route 56 in Leicester, Massachusetts. Conceptual plans have been drafted for a commercial building of approximately 20,000 square feet. Public water is available. Public sewer is located approximately 800 feet from the site. The vacant parcel is located along Huntoon Memorial Highway (Route 56), just south of its intersection with King Street. The property also has frontage at the rear of the site along Pleasant Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Storage Facility HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9132542
    Latitude
    42.2141614

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    FAQs

    What type of property is this?
    Land - 8.28 acre commercial land parcel in Leicester, Massachusetts.
    Where is this land located?
    The property is located at 515 Pleasant St, Unit Leicester Leicester, MA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 8.28+\/- acre parcel zoned RIB and RA.; - Located along Route 56 in Leicester, MA.; - Conceptual plans available for a 20,000+\/-sf commercial building.
    (508) 981-6868
    Request Owner's contact information
    515 Pleasant St, Unit Leicester Leicester, MA 01524
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    Leicester, MA 01524
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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
    515 Pleasant St, Unit Leicester Leicester, MA 01524
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