Property profile

529 Lancaster St Leominster, MA 01453

OFF-MARKET
Warehouses
250,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Total area 250,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Computer & Electronic Repair
  • Sports Field & Court Sports School
  • Arcade & Gaming Center Sports Field & Court
  • Building Supply General Contractor
  • Gym & Fitness Center

Location

529 Lancaster St Leominster, MA 01453
Leominster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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