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    OFF-MARKET
    Commercial real estate

    1576 Main St, Leicester, MA 01524

    24.9 ac lot
    Property ID
    US38-1663749
    Property summary
    AI-generated overview

    This exceptional 24.9-acre parcel boasts a highly desirable location on Route 9 in Leicester, Massachusetts, offering significant development potential. Zoned HB-I, the property allows for a wide range of commercial and industrial uses, including office space, retail establishments, lumber yards, greenhouses, restaurants, auto sales, brew pubs, and hotels. Its strategic placement near a busy intersection with a gas station, restaurant, coffee shop, and a Walmart Supercenter ensures high visibility and accessibility. The property's size and zoning flexibility present a unique opportunity for savvy investors to create a profitable venture. Potential uses extend beyond the permitted options to include ground-mounted solar and wind energy installations, radio/TV/wireless communication towers, medical facilities, research labs, hospitals, retail and wholesale sales, vehicle and watercraft sales and storage, motels, movie theaters, amusement parks, car washes, limo services, farms, and marijuana-related activities (subject to applicable regulations). This large parcel presents a rare chance to establish a thriving hub in a growing area just west of Worcester. The property is privately owned and listed at $4,000,000. The address is 1576 Main St, Leicester, MA 01524.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 24.9 ac (1,084,644 SF)
    UPID US38-1663749
    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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