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    9 Water St Leicester, MA 01524

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    For Sale
    Contact for pricing

    Spacious Mill Building - Ideal Redevelopment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story brick mill building, situated on a 0.44-acre lot in Leicester, MA, presents a unique redevelopment opportunity. Located on Water Street, just off Route 9, this property boasts 25,450 square feet of space, offering high ceilings, abundant natural light, and a desirable water view. The building features many new windows, a sprinkler system, and convenient loading docks. A large parking lot is also available. The property's prime location offers easy access to Becker College-Leicester Campus (0.5 miles) and Worcester Regional Airport (5 miles). An adjacent former fire station (currently rented) is also available. This property is zoned CB, allowing for a variety of conversion uses. The attractive brick exterior and gated entrance enhance the property's curb appeal. This is a rare chance to acquire a substantial property with significant potential in a well-established location.

    Property Features for 9 Water St

    General Information

    Property type
    Distribution properties

    HighLights

    • 25,450 SF warehouse available for sale or lease in Leicester, MA.
    • Located on Route 9, offering excellent visibility and accessibility.
    • Proximity to Becker College and Worcester Regional Airport.
    • Features include a sprinkler system, numerous new windows, a water view, a brick gated entrance, loading docks, and ample parking.
    • Adjacent former fire station also available (currently leased).
    • Multiple buildings on site, situated on a 0.44‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.913941860131
    Latitude
    42.245467793048

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    FAQs

    What type of property is this?
    Distribution property - Spacious Mill Building - Ideal Redevelopment
    Where is this distribution property located?
    The property is located at 9 Water St Leicester, MA.
    What are key features of this property?
    This property features: 25,450 SF warehouse available for sale or lease in Leicester, MA.; Located on Route 9, offering excellent visibility and accessibility.; Proximity to Becker College and Worcester Regional Airport.
    Request Owner's contact information
    9 Water 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
    9 Water St Leicester, MA 01524
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