Pegasus Realty Group
MLS#73522856
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
Discover the possibilities at 981 Main St in Leicester. Built in 1840, this distinctive multi-family property blends timeless character with exceptional space and investment potential. Offering the development plan for converting this building to a cash flowing investment. The current developer has been working with the town regarding a conversion to 8 units with off street parking, presenting a rare value-add opportunity for investors and developers alike. Adding to its appeal, the property may qualify for Historic Tax Credits, creating additional upside for redevelopment and restoration. Rich with historic charm and future potential, this is a unique opportunity to reimagine a landmark property in the heart of Leicester. This town abuts Worcester and is primed for development. Property has 17 parking spots approved, asbestos remediation complete. This set up is near ready for the permitting process. Schedule your showing today.
Property Features
Property Type: Commercial - Investment
Lot Size: 0.36 Acres
Roof Type: Shingle
Taxes: $5,785
Year Built: 1840
Feature Descriptions
Business Type: 5+ Residential
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 15
Parcel Number: M:20C B:0000A13 L:0,1558407
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Lock and Key Realty Inc.
Agent Name: Patriot Living Group
Agency Phone: 413-282-8080
Shown By
Agent Name: Pegasus Realty Group
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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981 Main St | MLS# 73522856
This commercial property located at 981 Main St, Leicester, MA 01524 is currently listed for sale with an asking price of $499,900. Search Leicester real estate on pegasusrealtygroup.masiellogrouprealestate.com today.