Main St Webster, MA 01570
- Investment properties
- 0.10 lot acres
Current Use by Public Records
- Investment properties
Property Details for Main St
- Year built
- 1900
- Lot size
- 0.10 lot acres
- Property type
- Investment properties
Description
This exceptional investment opportunity presents a rare chance to own a piece of Webster, MA history. Located on Main Street in the Columbia block, this brick building boasts newer windows and a strong connection to Samuel Slater, a pivotal figure in American industrial history. Currently generating recurring income from a half-leased first floor, the property offers immediate returns and significant upside potential. The remaining first-floor space is ready for immediate occupancy, allowing for expansion of existing operations or the addition of a new tenant to further boost revenue. The building's historical significance, potentially eligible for preservation grants or tax incentives, adds considerable value and marketing appeal. This unique location could attract tourists and become a cultural hub, generating consistent revenue streams. The property sits on a 0.1-acre lot and features a recently installed HVAC unit. A main water line for building sprinklers is conveniently plumbed to the building's base. Subject to existing zoning regulations and the building's current condition, there may be opportunities for further development or renovation projects to enhance value and profitability. This is a truly unique opportunity for investors seeking a blend of historical charm, immediate income, and significant long-term growth potential. Priced at $199,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Webster
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8873
- Latitude
- 42.0493
