Skip to content

Location filter
  • Any
  • Boston
  • Boston - Allston
  • Boston - Back Bay
  • Boston - Bay Village
  • Boston - Beacon Hill
  • Boston - Brighton
  • Boston - Charlestown
  • Boston - Chinatown
  • Boston - Dorchester
  • Boston - Downtown
  • Boston - East Boston
  • Boston - Fenway/Kenmore
  • Boston - Fort Hill
  • Boston - Fort Point
  • Boston - Hyde Park
  • Boston - Jamaica Plain
  • Boston - Longwood Medical Area
  • Boston - Mattapan
  • Boston - Mission Hill
  • Boston - North End
  • Boston - Northeastern/Symphony
  • Boston - Roslindale
  • Boston - Roxbury
  • Boston - Seaport/Waterfront
  • Boston - South Boston
  • Boston - South End
  • Boston - Theater District
  • Boston - West End
  • Boston - West Roxbury
  • Abington
  • Andover
  • Arlington
  • Bedford
  • Belmont
  • Beverly
  • Billerica
  • Braintree
  • Bridgewater
  • Brookline
  • Burlington
  • Cambridge
  • Canton
  • Chelsea
  • Chestnut Hill
  • Danvers
  • Dedham
  • Everett
  • Framingham
  • Gloucester
  • Hingham
  • Lawrence
  • Lexington
  • Lowell
  • Lynn
  • Lynnfield
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • Milton
  • Natick
  • Needham
  • Newton
  • North Reading
  • Norwood
  • Peabody
  • Pembroke
  • Plymouth
  • Quincy
  • Randolph
  • Reading
  • Revere
  • Salem
  • Saugus
  • Sharon
  • Somerville
  • Stoneham
  • Stoughton
  • Sudbury
  • Swampscott
  • Taunton
  • Wakefield
  • Waltham
  • Watertown
  • Wayland
  • Wellesley
  • Westwood
  • Weymouth
  • Wilmington
  • Winthrop
  • Woburn
  • Worcester
  • Babson College
  • Berklee College of Music
  • Bentley University
  • Boston College
  • Boston University
  • Brandeis University
  • Emerson College
  • Emmanuel College
  • Harvard University
  • Hult International Business School
  • MassArt
  • MCPHS University
  • MIT
  • Northeastern University
  • Simmons University
  • Suffolk University
  • Tufts University
  • UMASS Boston
  • Wentworth Institute of Technology
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 Expenses: 12657
  • Gross Annual Income: 73500
  • Net Operating Income: 46691

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

Mortgage Calculator

View Breakdown

Map & Resources

Spruce Street School

School

0.09mi

Leominster Center for Excellence

School

0.32mi

Bennett School

Public Elementary School, Grades: PK

0.37mi

St Anna School

Private School, Grades: PK-8

0.44mi

St. Anna School

Private School, Grades: PK-12

0.45mi

St. Leo School

Private School, Grades: PK-8

0.49mi

St Leo

Private School, Grades: PK-8

0.51mi

Frances Drake School

Public Elementary School, Grades: K-5

0.71mi

Starbucks

Coffee Shop

1.17mi

Papa John's

Pizzeria

0.27mi

Panera Bread

Sandwich & Bakery (Fast Food)

0.89mi

Chipotle

Mexican (Fast Food)

1.03mi

McDonald's

Burger (Fast Food)

1.35mi

Bocado Tapas Wine Bar

Restaurant

0.15mi

The Columbia Tavern

Restaurant

0.16mi

Rye & Thyme

Restaurant

0.23mi

Leominster Fire Department

Fire Station

0.34mi

Leominster Fire Department

Fire Station

1.17mi

Leominster Fire Department

Fire Station

1.48mi

Leominster Police Department

Local Police

0.36mi

Sp Leominster

State Police

1.18mi

Umass Memorial-HealthAlliance Hospital

Hospital

1.13mi

Entertainment Cinemas

Cinema

0.79mi

2 basketball courts

Sports Centre. Sports: Basketball

0.59mi

volleyball

Sports Centre. Sports: Volleyball

0.92mi

football

Sports Centre. Sports: American Football

1.39mi

Leominster State Pool

Swimming Pool. Sports: Swimming

0.81mi

Monument Square

Park

0.26mi

Monument Square Historic District

Park

0.27mi

Carter Park

Park

0.43mi

Barrett Park

Municipal Park

0.59mi

Twelvth Street Field

Municipal Park

0.8mi

Doyle Field

Municipal Park

0.89mi

Doyle Field

Municipal Park

1.05mi

Eagles Field

Private Park

1.31mi

Frances Drake School

Recreation Ground

0.57mi

Leominster State Pool

Recreation Ground

0.72mi

Leominster Lassie League Field Complex

Recreation Ground

0.81mi

Leominster Public Library

Library

0.32mi

Lifetime Center For Family Health

Library

0.71mi

Health Alliance Hospital Library

Library

1.28mi

Supercuts

Hairdresser

1.17mi

Shell

Gas Station

0.97mi

Shell

Gas Station

1.13mi

Speedway

Gas Station

1.36mi

Aspen Dental

Dentist

1.17mi

Ocean State Job Lot

Variety Store

1.39mi

Nouria

Convenience

0.97mi

Shell

Convenience

1.13mi

Speedway

Convenience

1.35mi

Burlington

Department Store

0.84mi

JCPenney

Department Store

0.94mi

The Mall at Whitney Field

Mall

0.82mi

CVS Pharmacy

Pharmacy

1.39mi

Seller's Representative: Diane DeCiccio, Acres Away Realty, Inc.
MLS ID#: 73233134

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-09-22 18:58:00

Related Properties