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    195 Leicester St Leicester, MA 01542

    Sponsored
    For Sale
    $389,000

    Prime Industrial Land, Oxford, MA. Excellent Location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.49-acre parcel of land presents a remarkable industrial development opportunity in Oxford, Massachusetts. Located on Route 56, this property boasts convenient access to major transportation arteries, including Route 20 (just 1.7 miles away) and the Massachusetts Turnpike (MA Pike), ensuring seamless logistics and connectivity for any industrial venture. The land is zoned I - Industrial, providing flexibility for a wide range of development projects. The property's size offers significant potential, with the possibility of subdividing the lot into approximately 2.73-acre parcels, allowing for tailored development plans to suit specific needs. The asking price for this strategically located industrial land is $389,000. This represents a compelling investment opportunity in a thriving area with strong infrastructure and accessibility. The property's location in Worcester County, Massachusetts, provides access to a skilled workforce and a robust regional economy. This is an ideal site for businesses seeking a prime location for expansion or new development in a well-connected and established industrial area. The address is 195 Leicester Street, Oxford, MA 01542.

    Property Features for 195 Leicester St

    General Information

    Property type
    Land
    Lot Size
    239,144 SF

    HighLights

    • 5.49‑acre industrial land parcel in Oxford, MA.
    • Located on Route 56, with easy access to Route 20 and the Mass Pike.
    • Zoned I‑Industrial, allowing for diverse development options.
    • Potential for subdivision into approximately 2.73‑acre parcels.
    • Asking price: $389,000.
    • Address: 195 Leicester Street, Oxford, MA 01542.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Bar & Pub Hotel & Motel Building Supply Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9104934
    Latitude
    42.2036959

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, Oxford, MA. Excellent Location.
    Where is this land located?
    The property is located at 195 Leicester St Leicester, MA.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: 5.49-acre industrial land parcel in Oxford, MA.; Located on Route 56, with easy access to Route 20 and the Mass Pike.; Zoned I-Industrial, allowing for diverse development options.
    Request Owner's contact information
    195 Leicester 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
    195 Leicester St Leicester, MA 01542
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