1576 Main St, Leicester, MA 01524
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.