Commercial for Sale: 42 Lancaster St, Leominster, MA 01453

6,400 sqft
$695,000
$695,000
42 Lancaster St, Leominster, MA 01453
6,400 sqft
$695,000
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Price:
$695,000

Type Commercial
Square Feet 6,400 sqft
Lot Size 0.38 acres
Year Built 1950

City Leominster
County Worcester

MLS 73233134
Status Pending
DOM 230 days
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.

Lot & Building Features

Tax Year 2024
Roof Rubber, Slate

Price History of 42 Lancaster St

Date Name Price Difference
05/04/2024 Listing Price $695,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 42 Lancaster St, Leominster, MA

Location Map Street View
Photo of Jim Giampa
Jim Giampa
Manager / Broker
Direct: 603-235-5887
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Acres Away Realty, Inc., Diane DeCiccio
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1%
6.75%
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Monthly HOA
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42 Lancaster St (MLS #73233134) is a commercial listing located in Leominster, MA. This commercial listing is 6,400 sqft and on a lot of 16,586 sqft (or 0.38 acres) and is 74 years old. This property was listed on 05/04/2024 and has been priced for sale at $695,000.

Nearby zip codes are 01420, 01429, 01462, 01523 and 01564. This property neighbors other cities such as Fitchburg, Lancaster, Lunenburg, Shirley and Sterling.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Acres Away Realty, Inc.

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.