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Property profile & analytics
OFF-MARKET
Land

651 Main St Leicester, MA 01611

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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