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    1675 Main St Leicester, MA 01524

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    For Sale
    Contact for pricing

    Land with development potential in Leicester, Massachusetts.

    Lot size:
    41.65 Acres

    Property Features for 1675 Main St

    General Information

    Lot size
    41.65 Acres
    Source: Moodyscre

    Listing Agent: Brandon Dickason

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

    Overview

    Main Street Development Opportunity

    The property at 1675 Main Street is currently improved with a small restaurant on a short-term lease and a seller-operated drive-in movie theater. The site's Highways Business Industrial 1 zoning district allows for a wide variety of uses including warehouse/logistics, manufacturing, retail, and self-storage. Preliminary plans have been completed that consider a 2-building industrial development totaling 431,000 square feet. The Town of Leicester features a favorable business climate and provides a supportive environment for companies to establish and grow. The town has a strong manufacturing and industrial base, with a skilled and educated workforce. Worcester County has several universities and technical schools, providing a large pool of talented workers in the area. Worcester Airport, only 12 minutes away, provides an opportunity for developers to connect to air freight/logistics. The generous site size and by-right zoning allows for an extensive industrial or retail development in a supply constrained market.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon 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
    -71.9423296
    Latitude
    42.2479066

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    FAQs

    What type of property is this?
    Land - Land with development potential in Leicester, Massachusetts.
    Where is this land located?
    The property is located at 1675 Main St Leicester, MA.
    What are key features of this property?
    This property features: - Generous site size with Highways Business Industrial 1 zoning ideal for industrial or retail development.; - Preliminary plans available for a 2-building industrial development totaling 431,000 square feet.; - Located in a supply constrained market.
    (617) 970-5661
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    1675 Main St 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
    1675 Main St Leicester, MA 01524
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