651 Main St Leicester, MA 01611
This exceptional 31.16-acre parcel, situated at 651 Main Street in Leicester, Massachusetts, presents a remarkable opportunity for multifamily development. Zoning and planning board approvals are complete, permitting the construction of 68 duplex-style homes. The property's strategic location directly on Route 9 in Worcester County ensures convenient access to major roadways and nearby amenities, enhancing its appeal and potential for strong returns. The site's proximity to the Leicester Town Center and other surrounding communities further strengthens its desirability. This land offers a unique chance to participate in the growth of Leicester, a thriving community with a strong sense of place. The property's B zoning designation supports the approved multifamily development plan. Detailed site plans are available upon request. This is an exceptional investment opportunity in a desirable location with a clear path to development. The 01611 zip code offers easy access to the surrounding area. The property's latitude and longitude coordinates are 42.2437671 and -71.8915685 respectively. This fully permitted site is ready for immediate development, offering a streamlined path to realizing a significant multifamily housing project.
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
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.