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$ 695,000
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Pending
42 Lancaster St Leominster, MA 01453
6,400 SqFt
UPDATED:
11/15/2024 10:41 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 6,400 sqft
Price per Sqft $108
MLS Listing ID 73233134
HOA Y/N false
Year Built 1950
Tax Year 2024
Lot Size 0.380 Acres
Acres 0.38
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.
Location
State MA
County Worcester
Zoning ResC
Direction Lancaster St is Rt 117, close to Monument Square.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Rubber,Slate
Total Parking Spaces 25
Others
Senior Community false
Listed by Acres Away Realty, Inc.