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21-69 S Main St 74,745 SF Vacant Flex Building Leicester, MA 01524 $3,998,897 CAD ($53.50 CAD/SF) 3.41% Cap Rate

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EXECUTIVE SUMMARY

21-69 Main St, Leicester, MA features up to 75,000± SF within a former mill building in Cherry Valley, just over the Worcester line, offering excellent visibility and access along Route 9. With more than 50,000 SF of leasable area and approximately $22,000 per month in existing rental income, the property is well-suited for an owner-user, an income-producing investment, or a full redevelopment. Its flexible layout and accommodating zoning support a wide range of potential uses including office, retail, distribution, or light industrial, creating a versatile opportunity in a highly accessible location.

PROPERTY FACTS

Price $3,998,897 CAD
Price Per SF $53.50 CAD
Sale Type Investment or Owner User
Cap Rate 3.41%
Sale Conditions
1031 Exchange
  • High Vacancy Property
  • Redevelopment Project
Property Type Flex
Property Subtype
Light Distribution
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 3.74 AC
Rentable Building Area 74,745 SF
No. Stories 3
Year Built 1880
Parking Ratio 0.8/1,000 SF
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 2
Zoning B - Industrial, Retail, Office, Flex

AMENITIES

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • Fitness Center
  • Property Manager on Site
  • Waterfront
  • Wheelchair Accessible
  • Reception
  • Storage Space

UTILITIES

  • Lighting
  • Water
  • Sewer

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 15-17
  • 600-1,200 SF
  • Flex
  • Shell Space
  • Now
  • 1st Fl - 20
  • 2,000 SF
  • Flex
  • Partial Build-Out
  • Now
  • 1st Fl - 21
  • 1,885-3,000 SF
  • Industrial
  • Shell Space
  • Now
  • 1st Fl - 22
  • 1,509 SF
  • Flex
  • Partial Build-Out
  • Now
  • 1st Fl - 26-28
  • 300-600 SF
  • Flex
  • Shell Space
  • Now
  • 1st Fl-Ste 34-36
  • 1,000 SF
  • Office/Retail
  • Full Build-Out
  • Now
  • 1st Fl - 44
  • 2,500 SF
  • Industrial
  • Shell Space
  • Now
  • 1st Fl - 48
  • 2,700-5,000 SF
  • Flex
  • Partial Build-Out
  • Now
  • 1st Fl - G2
  • 6,000 SF
  • Industrial
  • Shell Space
  • Now
  • 2nd Fl-Ste 27
  • 3,000 SF
  • Office/Retail
  • Shell Space
  • Now
  • 2nd Fl-Ste 29
  • 1,100 SF
  • Office/Retail
  • Partial Build-Out
  • Now
  • 2nd Fl - 52
  • 4,369 SF
  • Industrial
  • Shell Space
  • Now
  • 2nd Fl - 54
  • 4,299 SF
  • Flex
  • Shell Space
  • Now
  • 3rd Fl-Ste 10-13
  • 174-1,200 SF
  • Office
  • Partial Build-Out
  • Now
  • 3rd Fl-Ste D - Office
  • 130-2,500 SF
  • Office/Retail
  • Partial Build-Out
  • Now
  • 3rd Fl-Ste Woo - Office
  • 184-4,000 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl - 15-17 600-1,200 SF Flex Shell Space Now
1st Fl - 20 2,000 SF Flex Partial Build-Out Now
1st Fl - 21 1,885-3,000 SF Industrial Shell Space Now
1st Fl - 22 1,509 SF Flex Partial Build-Out Now
1st Fl - 26-28 300-600 SF Flex Shell Space Now
1st Fl-Ste 34-36 1,000 SF Office/Retail Full Build-Out Now
1st Fl - 44 2,500 SF Industrial Shell Space Now
1st Fl - 48 2,700-5,000 SF Flex Partial Build-Out Now
1st Fl - G2 6,000 SF Industrial Shell Space Now
2nd Fl-Ste 27 3,000 SF Office/Retail Shell Space Now
2nd Fl-Ste 29 1,100 SF Office/Retail Partial Build-Out Now
2nd Fl - 52 4,369 SF Industrial Shell Space Now
2nd Fl - 54 4,299 SF Flex Shell Space Now
3rd Fl-Ste 10-13 174-1,200 SF Office Partial Build-Out Now
3rd Fl-Ste D - Office 130-2,500 SF Office/Retail Partial Build-Out Now
3rd Fl-Ste Woo - Office 184-4,000 SF Office Full Build-Out Now

1st Fl - 15-17

Size
600-1,200 SF
Space Use
Flex
Condition
Shell Space
Available
Now

1st Fl - 20

Size
2,000 SF
Space Use
Flex
Condition
Partial Build-Out
Available
Now

1st Fl - 21

Size
1,885-3,000 SF
Space Use
Industrial
Condition
Shell Space
Available
Now

1st Fl - 22

Size
1,509 SF
Space Use
Flex
Condition
Partial Build-Out
Available
Now

1st Fl - 26-28

Size
300-600 SF
Space Use
Flex
Condition
Shell Space
Available
Now

1st Fl-Ste 34-36

Size
1,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

1st Fl - 44

Size
2,500 SF
Space Use
Industrial
Condition
Shell Space
Available
Now

1st Fl - 48

Size
2,700-5,000 SF
Space Use
Flex
Condition
Partial Build-Out
Available
Now

1st Fl - G2

Size
6,000 SF
Space Use
Industrial
Condition
Shell Space
Available
Now

2nd Fl-Ste 27

Size
3,000 SF
Space Use
Office/Retail
Condition
Shell Space
Available
Now

2nd Fl-Ste 29

Size
1,100 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

2nd Fl - 52

Size
4,369 SF
Space Use
Industrial
Condition
Shell Space
Available
Now

2nd Fl - 54

Size
4,299 SF
Space Use
Flex
Condition
Shell Space
Available
Now

3rd Fl-Ste 10-13

Size
174-1,200 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste D - Office

Size
130-2,500 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste Woo - Office

Size
184-4,000 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl - 21

Size 1,885-3,000 SF
Space Use Industrial
Condition Shell Space
Available Now

1st Fl - 22

Size 1,509 SF
Space Use Flex
Condition Partial Build-Out
Available Now

1st Fl - 26-28

Size 300-600 SF
Space Use Flex
Condition Shell Space
Available Now

1st Fl-Ste 34-36

Size 1,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

1st Fl - 44

Size 2,500 SF
Space Use Industrial
Condition Shell Space
Available Now

1st Fl - 48

Size 2,700-5,000 SF
Space Use Flex
Condition Partial Build-Out
Available Now

1st Fl - G2

Size 6,000 SF
Space Use Industrial
Condition Shell Space
Available Now

2nd Fl - 54

Size 4,299 SF
Space Use Flex
Condition Shell Space
Available Now

3rd Fl-Ste D - Office

Size 130-2,500 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

3rd Fl-Ste Woo - Office

Size 184-4,000 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LEIC-000023CE000043
Land Assessment
$971,870 CAD
Improvements Assessment
$2,595,284 CAD
Total Assessment
$3,567,154 CAD
  • Listing ID: 33753615

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 21-69 S Main St, Leicester, MA 01524

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