Description
21-69 Main St (Route 9) Located approximately 600' from Worcester City Line in the Cherry Valley Section of Leicester, MA. 74,745 sq ft building of with 65,032 sf of rentable building area. Lot size is 26.25 acres ( all but 3.41 acres are part of Smith Pond). (8) Loading Docks, 3 Drive-In doors. Approximately 60 Free Surface Parking Spaces. The building is leased at approximately 65% with industrial, retail and office-use tenants. Ample opportunity for rent increases or redevelopment potential. Well suited for distribution center. Significant capital improvements within the last 6 years. Financials available for qualified buyers. Total real estate taxes for 2020 are $11,173.55. CAP rate 4.78% at current occupancy. Pro Forma Cap Rate 12.5% Cities51 miles to Downtown Boston, MA41 miles to Downtown Providence, RI61 miles to Downtown Hartford, CTHighways5.3 miles to I-90 | MA Pike3.8 miles to I-2903.6 miles to Rte 146*All distances approximate
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