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4 Central St 4,000 SF Retail Building Leominster, MA 01453 For Sale
Investment Highlights
- Significant unmet retail demand
- 2.2 Miles to Route I-190
Executive Summary
4 Central Street is not a typical downtown commercial listing. It is a 4,000 square foot masonry building in immaculate, like-new condition, on Route 12 in the core of downtown Leominster — a market where the data tells a compelling, forward-looking story. The corridor generates 390,000 annual visits. Consumers in the 5-mile trade area spend $444.85 every week. The median household income — already $85,700 today — is projected by STI to reach $107,900 by 2029, a 26% increase in five years. The retail trade index for this market is 120, meaning it generates 20% more retail demand than the state of Massachusetts average per capita. For an owner-user, this is a move-in ready building with 6 on-site parking spaces, BB zoning broad enough to support virtually any commercial concept, and a customer base whose purchasing power is growing. For an investor, it is a turnkey asset in a rising-income corridor with a wide tenant universe, proven foot traffic, and no capital expenditure required at acquisition.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
BB - Downtown Commercial
Parking
6 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | LEOM-317 5 D | Improvements Assessment | $479,100 |
| Land Assessment | $326,900 | Total Assessment | $806,000 |
Property Taxes
Parcel Number
LEOM-317 5 D
Land Assessment
$326,900
Improvements Assessment
$479,100
Total Assessment
$806,000
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4 Central St
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