42 Lancaster St Leominster, MA

$695,000
Square Feet 6,400
Acres 0.38
Photo of 42 Lancaster St Leominster MA 01453




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.


Listed by Acres Away Realty, Inc., Diane DeCiccio

Details

MLS 73233134
Status Pending
Price $695,000
DOM 222 days
Type Commercial
Square Feet 6,400 sqft
Lot Size 0.38 acres
Year Built 1950

Lot & Building Features

Tax Year 2024
Roof Rubber, Slate

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Financing

$
20%
1%
6.75%
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$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

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