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.
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Last Updated: November 17th, 2024 at 5:28am
General Information for 42 Lancaster St, Leominster, Massachusetts 01453
Property TypeCommercial Sale
Price$695,000
MLS #73233134
List Date2024-05-04
Special Listing Conditions
StateMassachusetts
Street NameLancaster St
Unit
CityLeominster
Zip Code01453
CountyWorcester
MLS Status
AssociationNo
Heat Zones
Sold Date
Building Area Total6400
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress42 Lancaster St, Leominster MA 01453
Zoning
Zoning DescriptionLegal Conforming
Business Type
Interior Features for 42 Lancaster St, Leominster, Massachusetts 01453
* Approx. Living Area Total6,400 sq ft
MLS Area (Major)
OffMarketDate15/11/2024
Exterior Features for 42 Lancaster St, Leominster, Massachusetts 01453
* Parking Spaces25
* Year Built1950
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage93.00
Utilities
Disclosures for 42 Lancaster St, Leominster, Massachusetts 01453
Buyer Agent Compensation2
ContingencyPending P&S
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation1
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 42 Lancaster St, Leominster, Massachusetts 01453
Association Fee$0
Association Fee Frequency
Associaton Fee Includes
AssociationNo
Assessed Value
Real Estate Tax$0
Tax Year
Existing Lease Type
OriginalListPrice$695,000
Lifestyle Information for 42 Lancaster St, Leominster, Massachusetts 01453
Association Amenities
Frontage Type
GarageYNNo
Location information for 42 Lancaster St, Leominster, Massachusetts 01453
Marketing History for 42 Lancaster St, Leominster, Massachusetts 01453
MLSPIN_MARKET_TIME_BROKER
MLSPIN_MARKET_TIME_PROPERTY
PurchaseContractDate2024-11-04
Agent Information for 42 Lancaster St, Leominster, Massachusetts 01453