435 Lancaster St, Leominster, MA 01453-4397
This exceptional 20,000-square-foot industrial property, located at 435 Lancaster Street in Leominster, Massachusetts, presents a unique opportunity for businesses seeking versatile space. Situated within the Gateway Business Center complex, this single-tenant building boasts a range of features ideal for manufacturing, flex, warehouse, distribution, or R&D operations. Built in 1972, the property offers a substantial 22-foot clear ceiling height, providing ample room for various industrial processes and storage. Convenient loading and unloading is ensured with one loading dock and three drive-in doors. The space includes 3,000 square feet of finished office space, perfect for administrative functions, and an additional 3,600 square feet of unfinished mezzanine space, offering potential for expansion or customized storage solutions. The property's 400-amp, 240-volt power supply ensures sufficient electrical capacity for most industrial needs. The property's zoning permits a variety of light industrial uses, including assembly, wholesale supply, and other similar operations. Its strategic location along the Route 2 corridor provides excellent access to major transportation routes, enhancing logistical efficiency. This property is an ideal solution for businesses seeking a functional, well-located industrial space in a thriving Massachusetts market. The zip code is 01453.
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Xterior Cleans Landscaping General Contractor
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Enfold I.T. IT Consulting Firm (Bike/Boat/Book/etc) Store
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Boucher Construction Construction Company
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Central Mass Sand & Gravel Construction Company General Contractor
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435 Bar & Grille Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.