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    546 Stafford St Leicester, MA 01611

    Sponsored
    For Sale
    $1,650,000

    Modern Flex Building, Excellent Location

    Property size:
    5,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, 5,250-square-foot flex building located at 546 Stafford Street in Leicester, Massachusetts (01611). Constructed in 2023, this Class B industrial property sits on a 1.13-acre lot and features a single-story, pre-engineered metal building (PEMB) structure. The property boasts seven units, each with a price of $235,714.29, totaling an asking price of $1,650,000. The building offers a flexible layout, perfect for a variety of uses, and includes one loading dock and one dock-high door. Additional features include 14 parking spaces, a 14-foot ceiling height, three-phase electrical service, a 6-inch, 4000 psi concrete slab, and gas traps for indoor vehicle parking. The property is currently vacant but comes with leases in place for all seven units, offering immediate income potential. The leases include a 3.5% annual rent bump. This prime location provides easy access to I-90 and I-290, offering convenient access to Worcester and surrounding areas. The property is zoned C, allowing for a variety of commercial uses. This is an ideal investment for both owner-users seeking expansion potential and investors looking for a strong return on investment in a rapidly developing area. The master lease structure allows for future expansion by the primary tenant within 12-24 months. High-quality construction ensures low maintenance costs and long-term value.

    Property Features for 546 Stafford St

    General Information

    Property type
    Flex space
    Square Feet
    5,250 SF
    Class
    B
    Lot Size
    49,223 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    7

    HighLights

    • Excellent access to downtown Worcester and western points; short commute to I‑90 & I‑290.
    • Brand‑new construction offering low‑maintenance operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8772436
    Latitude
    42.2196107

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    FAQs

    What type of property is this?
    Flex space - Modern Flex Building, Excellent Location
    Where is this flex space located?
    The property is located at 546 Stafford St Leicester, MA.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Excellent access to downtown Worcester and western points; short commute to I-90 & I-290.; Brand-new construction offering low-maintenance operation.;
    Request Owner's contact information
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    Leicester, MA 01611
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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
    546 Stafford St Leicester, MA 01611
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