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Property profile & analytics
OFF-MARKET
Manufacturing properties

30 Huntoon Memorial Hwy Leicester, MA 01524-1265

12,000 SF 2.83 ac lot Built 1966
Entity Owned 31-yr Hold Free & Clear
Property ID
US38-0742593
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1966
Construction STEEL FRAME
Total area 12,000 SF
Lot 2.83 ac (123,275 SF)
Zoning code RIB
APN LEIC M:37A B:00000E3 L:0
UPID US38-0742593
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
  • Kings of Pressure Power Washing & Restoration Landscaping General Contractor
  • Seamless Custom Auto Repair Shop
  • Modernized architectural sheet metal Production Facility Metal Fabrication Plant
  • Kings of Pressure Concrete Coatings General Contractor Renovation Specialist
  • American British Cycles Car Dealership Car Wash
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
Arland Tool & Mfg INC · 31 yrs held
Arland Tool & Mfg INC
since 1995
4 recorded transactions
2009
Price N/A
2007
Price N/A
2004
Price N/A
1995
$262,500
Zoning & alternative use
RIB · Leicester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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