529 Lancaster St, Leominster, MA 01453
This exceptional industrial property, located at 529 Lancaster Street in Leominster, Massachusetts, offers a flexible workspace ideal for manufacturing, warehousing, or distribution needs. The building encompasses a total of 250,000 square feet, divided into two suites, with a minimum divisible space of 10,000 square feet and a maximum contiguous space of 30,000 square feet. The property boasts a 13.5-foot ceiling height, providing ample vertical space for storage and operations. Efficient loading and unloading are facilitated by four loading docks and four dock-high doors. The property is zoned for industrial use and is situated in Worcester County, offering convenient access to major transportation arteries. Specifically, it's located just one mile from I-190 and less than two miles from Route 2, ensuring seamless logistics and transportation. Adding to its appeal, a half-acre of outdoor storage space is available for lease alongside the indoor space, providing additional flexibility for inventory management or equipment storage. This property presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial facility in a thriving Massachusetts market. The zip code is 01453.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.