1272 Central St, Leominster, MA 01453
This 1.24-acre industrial lot in Leominster, Massachusetts, presents a unique build-to-suit opportunity. Located at 1272 Central Street, this property boasts 200 feet of frontage and is zoned MU-1, allowing for a variety of industrial uses. Approved engineering plans are in place for a 9,600 square foot, two-story industrial warehouse featuring two 10-foot and two 12-foot overhead drive-in doors. The design also incorporates a drainage system and significant signage opportunities. The property's location in Worcester County offers excellent access to major transportation routes, making it an ideal site for businesses needing convenient logistics. The asking price for this ready-to-develop parcel is $495,000. This land offers a substantial return on investment for developers seeking a prime location in a thriving industrial area. The existing plans provide a solid foundation for immediate construction, minimizing pre-development delays and costs. Don't miss this chance to acquire a strategically located industrial lot with pre-approved plans for a modern, functional warehouse. A retaining wall is also included in the approved plans.
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.