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42 Lancaster St

Leominster, MA 01453
  • $695,000
  • STATUS: Active
  • MLS #: 73233134
UPDATED: 53 min ago
$695,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,400
    SQFT
  • $109
    $/SQFT
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing courtesy of Diane Deciccio of Acres Away Realty, Inc..

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.

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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. Data last updated 2024-07-21T08:07:01.28.
www.maloneypropertiesrealestate.com/homes/150213011
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42 Lancaster St Leominster, MA 01453

  • Price: $695,000
  • Status: Active
  • On Site: Days
  • Updated: 53 min ago
  • MLS #: 73233134
0
Beds
0
Baths
0
½ Baths
0.38
Acres
6,400
SQFT
$109
$/SQFT
1950
Built
County:
Worcester
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.
Exterior Features

Frontage Length 93.00 Parking Total 25 Roof RubberSlate Waterfront YN No

Interior Features

Building Area Total 6400

Property Features

Association YN No Buyer Agency Compensation 2 Disclosures Neither seller or listing agent make any representations as to the accuracy of any information contained herein. Buyer/buyer agent must conduct their own due diligence. Seller has never lived in property. Gross Income 73500 Home Warranty YN No Net Operating Income 66235 Senior Community YN No Tax Annual Amount 0 Tax Year 2024 Transaction Broker Compensation 1 Utilities Public WaterPublic SewerNatural Gas Available Zoning ResC

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Diane Deciccio of Acres Away Realty, Inc.: 978-840-2696.


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. Data last updated 2024-07-21T08:07:01.28.
 
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Wellesley MA, 02481
Listing courtesy of Diane Deciccio of Acres Away Realty, Inc..