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29 Church St - City of Leominster former Police Station 15,000 SF Specialty Building Offered at $100,000 in Leominster, MA 01453

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INVESTMENT HIGHLIGHTS

Property is located in downtown. Heavy vehicle in the immediate vicinity of the building throughout the day.

Adjacent to free parking

EXECUTIVE SUMMARY

The City of Leominster is seeking a buyer for the purchase of the City's former City Police Station. The City is handling this sale directly; no broker is involved. The building is structurally sound. It is comprised of three floors, two above ground, with a fully built out basement; there is no elevator. The building is in useable condition as it sits but will need replacement/repair of all mechanical systems as current equipment is at end of life. The building needs mostly cosmetic renovations, as can be seen in the photos. A number of interior walls are non-load bearing, so many interior spaces could be reconfigured into a different layout as needed. The building does contain asbestos in various locations (VCT floors, window caulking, etc.) which would need to be abated if a full renovation were undertaken. The property is located in the downtown area of Leominster, one block off of Main Street (Massachusetts Route 12), which sees daily traffic counts of over 17,000 vehicles. The property has 8 parking spaces abutting the garage area. Attached garage can fit 5 cars. The property sits next to a public parking garage with free parking on the top level. On the other side of the building is an active Fire Station.
Interested parties can contact Greg Chapdelaine, City Purchasing Agent at gchapdelaine@leominster-ma.gov or 978-962-3538.

PROPERTY FACTS

Price	$100,000	Building Class	C
Price Per SF	$6.67	Lot Size	0.24 AC
Sale Type	Investment or Owner User	Building Size	15,000 SF
Sale Conditions	Deferred Maintenance Redevelopment Project	No. Stories	3
Property Type	Specialty	Year Built	1959
Property Subtype	Police/Fire Station Office Medical Specialty Police Fire Station	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Public (NEC) - Public (NEC)

Price	$100,000
Price Per SF	$6.67
Sale Type	Investment or Owner User
Sale Conditions	Deferred Maintenance Redevelopment Project
Property Type	Specialty
Property Subtype	Police/Fire Station Office Medical Specialty Police Fire Station
Building Class	C
Lot Size	0.24 AC
Building Size	15,000 SF
No. Stories	3
Year Built	1959
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Public (NEC) - Public (NEC)