963 Main Street- Lot 1 Leicester — Photo 1 of 12
$200,000
Investment Analysis — 963 Main Street- Lot 1
Leicester, MA 01524
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01524 carries an estimated $1,290/mo in gross rent — about a 4.68% cap rate and $9,365/yr in estimated NOI at the $200,000 list price. Adjust every assumption in the calculator below.
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Excellent opportunity to build in Leicester with significant potential due to dual-zone location. Development Ready ANR lot in the R2 (Residential) and B (Business) zones. Approximately 16,824 square feet of area and frontage on Main Street and Flint Way. Lot qualifies for Mixed-Use Developments, which combines residential and business uses. Public water and sewer available at street. Lot comes with a wide range of "by-right" and special permit opportunities. Convenient high visibly historical location with easy access to Worcester, major shopping, and local amenities. Concept plans shown are only two examples of the endless opportunities for this lot!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area
Geography
Listing Agent: Michael Chaves
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73487895
