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    OFF-MARKET
    Land

    0 Clark St, Leicester, MA 01524

    13.47 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 13.47-acre parcel in Leicester, Massachusetts, presents a compelling investment opportunity. Located in the Highway Business-Industrial zone and within the Town's Marijuana Facility Overlay District, it offers a diverse range of development possibilities. By-right uses include storage, warehouse and distribution facilities, manufacturing, wholesale businesses, and non-retail marijuana establishments. Solar development is also permitted. Special permits could allow for self-storage facilities, marijuana retail, vehicle services, or trucking depots. Municipal utilities are readily accessible. The property benefits from its strategic location near a recently completed 267,000 square foot Class A warehouse and distribution facility, and a planned 2.8 million square foot Amazon distribution center, indicating strong growth in the area. A complete topographic survey and preliminary wetland delineations are available. This site offers significant potential for investors seeking high-return development projects in a thriving commercial corridor. The property's zoning and proximity to major infrastructure make it an ideal location for a variety of commercial ventures. The existing development activity in the immediate area further underscores the property's potential for substantial appreciation. This is a rare opportunity to acquire a large parcel of land with significant development potential in a rapidly growing market.

    Property profile
    Verified
    Property type Land
    Lot 13.47 ac (586,753 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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