20 Commercial RdLeominster, MA 01453

Property Details for 20 Commercial Rd

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.02 AC

Property size (Sq ft)

20,262 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

LEOM M:0391 B:0008 L:0000

APU

LEOMM0391B0008L0000

Description

This exceptional 1,760 square foot medical office space is located at 20 Commercial Road in Leominster, Massachusetts, within Worcester County. The property is part of a larger 16,000 square foot building classified as Class B, offering a single, multi-tenant suite currently available for lease. The building's property type is designated as both retail and office, making it suitable for a variety of medical practices or related businesses. The address is conveniently located at 20 Commercial Road, Leominster, MA 01453. This presents a unique opportunity for a medical professional or group seeking a well-situated space in a thriving community. The suite's size is ideal for a variety of medical practices, offering ample room for patient care, administrative functions, and support staff. The building's overall size and single-suite configuration provide a sense of privacy and control. The location in Leominster, MA offers easy access to major transportation routes and a strong local patient base. Interested parties are encouraged to inquire about lease terms and conditions. This is a rare opportunity to secure a well-positioned medical office space in a desirable location. The property is ready for immediate occupancy. The zip code is 01453.

• CAP approach

  CAP return

  Valuation

  6%

  $4,924,374

  6.5%

  $4,545,576

  7%

  $4,220,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,671,531

  Geo Method

  $6,671,531

• Alternative Use

  Use

  Valuation

  Residential

  $3,834,363

  Hospitality

  $3,512,256

  Educational

  $2,922,156

  Medical

  $3,022,653

  Retail

  $4,545,576

Location Insight

City

Leominster

County

Worcester

State

Massachusetts

Latitude

42.5345

Longitude

-71.7411

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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