42 Lancaster St Leominster, MA ^$ 695,000

42 Lancaster St

^$ 695,000

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Recently Listed

42 Lancaster St

Leominster, MA, 01453

^$ 695,000

Studio Baths7.0 Sq 6,400

Monthly Estimate*

^$ 4,855

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Studio

Commercial Property for sale in Leominster, MA

for $695,000 with 7 full baths. This 6,400 square foot building was built in 1950 on a lot size of 0.38.

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.

Commercial Active

Price

^$ 695,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.38

Year Built

1950

Town/City

Leominster

County/Region

Worcester

MLS | Web ID

73233134

List By

Diane DeCiccio

Listing Agent

Acres Away Realty, Inc.

Broker

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$4,855

Per Month

Monthly Principal & Interest: $4,855
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Leominster, MA

Average List Price ^$695,000

Percent of Sale Price 0%

About Leominster, MA

41,680 Population

1% Since 2002

^$56,318 Median Income

41.79 Median Age

28% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
5/4/2024	$695,000		Listed Price

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42 Lancaster St, Leominster, MA, 01453 is a Commercial Property for sale at $695,000 with 6,400 sqft and a lot size of 0.38. 42 Lancaster St is a studio with 7.0 baths and was built in 1950. The property's zip code is 01453 which is in Leominster, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/18/2024.

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The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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42 Lancaster St

Commercial Property for sale in Leominster, MA

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