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85 Water St
Leominster, MA 01453
Industrial Property For Sale
Investment Highlights
- Value-add industrial opportunity
- Two property portfolio totals 122,000 SF on 2.95 acres
- Opportunistic redevelopment
Executive Summary
The core asset at 81-85 Water Street features durable masonry construction and is configured for multi-tenant occupancy on multiple stories. The properties benefit from a layered zoning position — situated within the industrial zone and subject to a downtown overlay — offering a range of potential uses and repositioning options. Both parcels fall within a federally designated Opportunity Zone. Notably self storage is permitted by right. In-place tenants are all operating on a tenancy-at-will basis, providing immediate cash flow while preserving maximum flexibility to execute a lease-up, repositioning, or redevelopment strategy on an accelerated timeline.
Property Facts
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Industrial | Year Built/Renovated | 1920/1966 |
| Property Subtype | Warehouse | Parking Ratio | 0.2/1,000 SF |
| Building Class | C | Clear Ceiling Height | 10’ |
| Lot Size | 2.95 AC | No. Dock-High Doors/Loading | 6 |
| Rentable Building Area | 122,000 SF | Opportunity Zone |
Yes
|
| Zoning | I - The properties benefit from a layered zoning position — situated within the industrial zone and subject to a downtown overlay — offering a range of po | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.95 AC |
| Rentable Building Area | 122,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/1966 |
| Parking Ratio | 0.2/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 6 |
| Opportunity Zone |
Yes |
| Zoning | I - The properties benefit from a layered zoning position — situated within the industrial zone and subject to a downtown overlay — offering a range of po |
Property Taxes
| Parcel Number | FITC-000055-000004 | Improvements Assessment | $244,208 CAD |
| Land Assessment | $240,218 CAD | Total Assessment | $484,426 CAD |
Property Taxes
Parcel Number
FITC-000055-000004
Land Assessment
$240,218 CAD
Improvements Assessment
$244,208 CAD
Total Assessment
$484,426 CAD
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