30 Huntoon Memorial Hwy Leicester, MA 01524
- Manufacturing properties
- 12,000 SF
- 2.83 lot acres
Current Use by Public Records
- Kings of Pressure Power Washing & Restoration / Commercial Cleaning Service / House Cleaning Service
- Seamless Custom / Auto Upholsterer
- Modernized architectural sheet metal / Sheet Metal Contractor
- Kings of Pressure Concrete Coatings / Flooring Contractor / Painting
- American British Cycles / Cars
Property Details for 30 Huntoon Memorial Hwy
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 2.83 lot acres
- Property size
- 12,000 SF
- Zone code
- RIB
- Property type
- Manufacturing properties
- APN
- LEIC M:37A B:00000E3 L:0
- APU
- LEICM37AB00000E3L0
Description
This 12,000-square-foot industrial warehouse in Leicester, Massachusetts, is offered for sale at $1,750,000. Situated on a 2.83-acre lot, this single-story building features four separately demised units, each approximately 4,000 square feet, currently boasting 100% occupancy. The property benefits from a convenient location on Route 56, providing easy access to I-90 (Mass Pike) and major cities including Worcester, Boston, Hartford, Providence, and Springfield, all within an hour's drive. The building includes two loading docks and ample on-site parking and outdoor storage areas. Recent improvements include a new roof and a new heating system. The property is zoned RIB and presents an excellent owner-user opportunity, allowing for the combination of business operations with potential rental income from existing tenants. The asking price per square foot is $145.83, and the price per unit is $437,500. This multi-tenant property offers a strong investment opportunity with established tenancy and significant potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $230,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $240,000
- Mixed-Use
- $240,000
- Hospitality
- $210,000
- Educational
- $220,000
- Residential Income
- $190,000
- Energy
- $245,000
- Income-Based Land
- $255,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Leicester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.9115
- Latitude
- 42.2162
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
