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.
Public Water Service, Private Water Service, Gas W
Exterior / Lot Features
40 Parking Spaces,
Urban, Strip Mall, Public Transport
Current market conditions for 853 North Main St
Active Market Trends
Median list price$232,400
Days on market99
Properties for sale108
Sold Market Trends
Median sold price$214,950
Sales to list price9,988.0%
Median sq ft price$139
Arrows indicate 90 day trend
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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