Property profile

1272 Central St Leominster, MA 01453

OFF-MARKET
Land
1.24 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.24 ac (54,014 SF)

Cap rate & NOI

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

Location

1272 Central St Leominster, MA 01453
Leominster metro
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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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