651 Main St Leicester, MA 01524
This exceptional 31.16-acre commercial land parcel presents a unique investment opportunity in Leicester, Massachusetts. Strategically located at 651 Main Street, directly on Route 9, this property boasts unparalleled visibility and accessibility. The site is fully permitted for the construction of 34 duplex units, eliminating lengthy zoning and planning hurdles. This significantly reduces development time and risk, making it an attractive proposition for builders and investors. The property's prime location offers easy access to Leicester's town center, providing convenient access to local amenities. Furthermore, its proximity to major roadways ensures seamless connectivity to Worcester, Auburn, and surrounding areas. The site plan is complete, allowing for immediate commencement of development. Street-grade parking is anticipated, providing ample space for residents. The location also benefits from its proximity to the Worcester Regional Airport, Webster Square, Tatnuck Square, and the Leicester Country Club, enhancing its appeal and potential for future growth. This is a rare opportunity to acquire a fully permitted, high-visibility commercial land parcel in a thriving location. The asking price is $1,550,000. This property is zoned B-Business within Worcester County, and the zip code is 01524.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.