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853 North Main St,Leominster MA, 01453

22,300 sq. ft
Status: Active
MLS#: 72046626
Cooperating BrokerCENTURY 21 NORTH SHORE/STORRS & DENAULT Bruce Gallant
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Berkshire Hathaway HomeServices N.E. Prime Properties
(877) 778-6363

Last Updated: 1/24/2017 2:15 PM
Description for 853 North Main St Leominster, MA 01453
22,300 (NET RENTABLE) SF MIXED USE (RETAIL & OFFICE) STRIP CENTER IN GOOD CONDITION. CONSISTS OF TWO BUILDINGS. AWESOME 12.2% CAP RATE WHEN FULLY RENTED. STILL VERY STRONG 8.4% CURRENT CAP RATE. THE SITE IS 33,040 SF AND IS SITUATED AT A LIGHTED INTERSECTION ON ROUTE 12 IN LEOMINSTER. TRAFFIC COUNT IS ESTIMATED AT 34,300 CARS PER DAY. CONSISTS OF TWO BUILDINGS. ONE IS A 2 STORY 11,784 SF BUILDING WITH RETAIL ON LOWER LEVEL & OFFICE ON THE UPPER LEVEL. THERE IS ALSO AN UNHEATED SINGLE LEVEL WAREHOUSE STYLE BUILDING OF 11,224 SF. SINCE LOSING ITS ANCHOR TENANT, THE COMPLEX IS CURRENTLY ABOUT 70% LEASED. A PROFORMA DOCUMENT IS AVAILABLE UPON REQUEST. PROFORMA REVENUE COULD BE INCREASED BY CONVERTING THE WAREHOUSE TO RETAIL OR OFFICE USE.
Listing Information
Property Type: General Commercial, 2 Story
Worcester 0.76 Acres
22,300(approx)
$31.39
1920 2
Public Water Service, Private Water Service, Gas W
Public Sewer
Natural Gas
Neighborhood
Room Information
Exterior / Lot Features
40 Parking Spaces,
None
C
Urban, Strip Mall, Public Transport
Financial Considerations
$10,742
2013
Listing Price History for 853 North Main St

Leominster Real Estate

Leominster is located in Massachusetts. Leominster, Massachusetts 01453 has a population of 40,879.

The median household income in Leominster, Massachusetts 01453 is $59,604. The median household income for the surrounding county is $65,968 compared to the national median of $53,046. The median age of people living in Leominster 01453 is 41 years.

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