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    Clark St Leicester, MA 01524

    Sponsored
    For Sale
    $1,000,000

    13.47 acres, prime development opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.47-acre parcel in Leicester, Massachusetts, presents a compelling investment opportunity. Located in the Highway Business-Industrial zone and within the Town's Marijuana Facility Overlay District, it offers a diverse range of development possibilities. By-right uses include storage, warehouse and distribution facilities, manufacturing, wholesale businesses, and non-retail marijuana establishments. Solar development is also permitted. Special permits could allow for self-storage facilities, marijuana retail, vehicle services, or trucking depots. Municipal utilities are readily accessible. The property benefits from its strategic location near a recently completed 267,000 square foot Class A warehouse and distribution facility, and a planned 2.8 million square foot Amazon distribution center, indicating strong growth in the area. A complete topographic survey and preliminary wetland delineations are available. This site offers significant potential for investors seeking high-return development projects in a thriving commercial corridor. The property's zoning and proximity to major infrastructure make it an ideal location for a variety of commercial ventures. The existing development activity in the immediate area further underscores the property's potential for substantial appreciation. This is a rare opportunity to acquire a large parcel of land with significant development potential in a rapidly growing market.

    Property Features for 0 Clark St

    General Information

    Property type
    Land
    Lot Size
    586,753 SF

    HighLights

    • Exclusive listing of 13.47 acres of land in Leicester, MA.
    • Highway Business‑Industrial zoning, located within the Town's Marijuana Facility Overlay District.
    • Permitted uses include storage, warehouse/distribution, manufacturing, wholesale, and non‑retail marijuana facilities; solar development is also allowed.
    • Special permit uses include self‑storage, marijuana retail, vehicle services, and trucking depots.
    • Municipal utilities are available.
    • Excellent location near a recently completed Class A warehouse and a planned large Amazon distribution center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9164217
    Latitude
    42.2572094

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    FAQs

    What type of property is this?
    Land - 13.47 acres, prime development opportunity
    Where is this land located?
    The property is located at Clark St Leicester, MA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Exclusive listing of 13.47 acres of land in Leicester, MA.; Highway Business-Industrial zoning, located within the Town's Marijuana Facility Overlay District.; Permitted uses include storage, warehouse/distribution, manufacturing, wholesale, and non-retail marijuana facilities; solar development is also allowed.
    Request Owner's contact information
    Clark 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
    Clark St Leicester, MA 01524
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