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Property profile & analytics
OFF-MARKET
Turn key restaurants

1673 Main St Leicester, MA 01524-1941

1,260 SF 0.73 ac lot Built 1964
Individually Owned Free & Clear
Property ID
US38-0793791
Property summary
AI-generated overview

This exceptional 41.65-acre industrial land parcel, located at 1673, 1675, 1734 and 1737 Main Street in Leicester, Massachusetts (zip code 01524), presents a significant development opportunity. Situated directly on Route 9, this property boasts convenient access to major roadways including I-90, I-290, I-395, and Route 20, providing excellent connectivity to Worcester, Springfield, Boston, Hartford, CT, and Providence, RI. Currently zoned Highway Business Industrial 1 (HB1), the site allows for a wide range of uses, including warehouse/logistics, manufacturing, retail, and self-storage. The property includes a small restaurant under a short-term lease and a drive-in movie theater operated by the seller. Preliminary plans have been developed for a two-building industrial development totaling 431,000 square feet. Leicester offers a favorable business climate and a supportive environment for companies, with a strong manufacturing and industrial base and a skilled workforce. The proximity to Worcester Airport (12 minutes away) provides access to air freight/logistics. This expansive site is being offered free and clear of debt at an asking price of $6,500,000. The property's generous size and flexible zoning make it an ideal investment in a supply-constrained market.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1964
Construction FRAME
Total area 1,260 SF
Lot 0.73 ac (31,799 SF)
Zoning code HB1
APN LEIC M:18A B:00000A1 L:0
UPID US38-0793791
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
Current use
Occupant on record · Public records
  • Las Cocinas Mexicanas Restaurant
  • Las Cocinas y Taqueria Mexicana Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joseph Maria
Joseph Maria
since 2026
2 recorded transactions
2026
Price N/A
2023
Price N/A
Zoning & alternative use
HB1 · Leicester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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