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    651 Main St Leicester, MA 01524

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    For Sale
    $1,550,000

    31.160 acres fully permitted for 34 duplexes.

    Property size:
    31 SF
    Lot size:
    31.16 Acres

    Property Features for 651 Main St

    General Information

    Size
    31 SF
    Lot size
    31.16 Acres

    Source: Alexis Brissette Agent Alexis Brissette

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

    Overview

    Leicester Land Parcel on Route 9

    This 31.160-acre land parcel is located at 651 Main Street in Leicester, Massachusetts, directly on Route 9. The site is fully permitted for the development of 34 duplex-style homes, totaling 68 apartments. The property has completed both zoning and planning board approvals. Street grade parking is available. The location offers convenient access to main roads and nearby amenities, providing connectivity to the Town Center and surrounding cities and towns. The site is near Worcester Regional Airport, Webster Square, Tatnuck Square, and Leicester Country Club. Its location on Route 9 provides high visibility and access to major routes into Worcester, Auburn, and beyond, making it a potentially valuable location as Leicester continues to grow.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8903681
    Latitude
    42.242691

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      Industrial Property on Route 56

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    FAQs

    What type of property is this?
    Land - 31.160 acres fully permitted for 34 duplexes.
    Where is this land located?
    The property is located at 651 Main St Leicester, MA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Fully permitted for 34 duplex-style homes, streamlining the development process.; - Located directly on Route 9, offering high visibility and easy access to major routes.; - 31.160-acre parcel provides ample space for development.
    (508) 868-6182
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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
    651 Main St Leicester, MA 01524
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