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You are here:
Home Massachusetts Leominster Commercial Properties for Sale

42 Lancaster St Leominster, MA 01453

$695,000
Type: Mixed Use
Lease Type N/A
6400 Bldg. SQFT
7 Restroom
Parking: N/A
42 Lancaster St
Leominster, MA 01453

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.

Property Overview

Property Details click or tap to expand

Property Information

  • Type: Mixed Use
  • Location: Legal Conforming
  • MLS ID#: 73233134

Financial

  • Gross Annual Income: 73500
  • Net Operating Income: 66235

Building Information

  • Total SQFT: 6400
  • Total Restrooms: 7

Construction & Utilities

  • Utilities: Natural Gas, Public Sewer, Public Water

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/08/2024Active$695,000$109MLSPIN
05/04/2024New$695,000$109MLSPIN
12/13/2023Canceled$695,000MLSPIN
10/12/2023Active$695,000MLSPIN
10/08/2023Price Change$695,000MLSPIN
08/20/2023Active$715,000MLSPIN
08/16/2023Price Change$715,000MLSPIN
02/06/2023Active$745,000MLSPIN
02/02/2023Price Change$745,000MLSPIN
08/05/2022Active$799,000MLSPIN
08/01/2022Price Change$799,000MLSPIN
04/04/2022Active$749,000MLSPIN
03/31/2022New$749,000MLSPIN

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Map & Resources

Seller's Representative: Diane DeCiccio, Acres Away Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-08 03:05:00