Address
42 Lancaster St, Leominster, MA
Price
$ 695,000
Property Attributes
- MLS#73233134
- TypeCommercial
- CountyWORCESTER
- CityLeominster
- Zip01453
- Style
- Price$ 695,000
- Bedrooms0
- Full Bathrooms7
- Half Bathrooms0
- Sqr Footage6400
- Lot Size0.38 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
TURNKEY MIXED USE BUILDING, 100% OCCUPIED, PRIME LOCATION WITH 25 PARKING SPACES, PAVED LOT, APPROX 8% CAP RATE, HANDICAPPED ACCESSIBLE FIRST FLOOR. The building has 3 commercial units and 1 residential unit currently leased for $2400.00 per month. Handicapped accessible main level houses 12 rooms, 5 bathrooms and 3 thriving businesses. The residential unit occupies the top 2 floors featuring 2700 sq feet of space with 4 bedrooms, 2 full baths and laundry room which could make this property the perfect set up for an owner-occupied, income producing option. A newer composite deck, stairs and vinyl railings are on the back of the building. Also featuring central air, mini splits, security system, irrigation system and 25 off street, marked parking spaces in a paved parking lot. The building is brick and vinyl sided with 4 entrances to the main floor. Superb downtown location, close to shopping, Monument Sq within walking distance.
| Price History | |
|---|---|
| 5/4/2024 | Listed $695,000 |
General Features
| Utilities | Public Water,Public Sewer,Natural Gas Available |
|---|---|
| Roof | Rubber,Slate |
| Zoning | ResC |
| Year Built | 1950 |
| Tax Year | 2024 |
| Gross Income | 73500 |
| County | Worcester |
| Net Operating Income | 66235 |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Lancaster St is Rt 117,close to Monument Square. |
| City | Leominster |
| Disclosures | Neither seller or listing agent make any representations as to the accuracy of any information contained herein. Buyer/buyer agent must conduct their own due diligence. Seller has never lived in prop |
| Senior Community Y/N | No |
| Zoning Description | Legal Conforming |
| Lot Size Square Feet | 16586 |
| Waterfront Y/N | No |
| Street Name | Lancaster St |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Total Baths | 7 |
|---|
Exterior Features
| Total Parking | 25 |
|---|---|
| Lot Size Area | 0.38 |
| Building Area Total | 6400 |
| Lot Size Acres | 0.38 |
| Frontage Length | 93.00 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 01453
Price
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
