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INVESTMENT HIGHLIGHTS
- Excellent location for residential or commercial development
- Potential for multi-family development
- Located in Marijuana overlay district
- Prelimiary studies indicate the site can accommodate 100,000 +- square foot building
- Potential for assisted living development
EXECUTIVE SUMMARY
Kelleher & Sadowsky has been named the exclusive sales agent for the following land parcels located in Leicester, Massachusetts. A complete topographic survey of the property and preliminary wetland delineations have been completed by VHB and can be provided upon request. Conceptual development options have also been considered, taking into account current zoning regulations, topography, setbacks, etc. The lot is zoned as Highway Business-Industrial and is located within the Town of Leicester Marijuana Facility Overlay District. Municipal utilities exist within roadways around the sites.
By-right uses include but are not limited to:
•Storage, warehouse, and distribution
•Manufacturing or other industrial related uses
•Wholesale related business
•Marijuana establishment (non-retail in nature)
•Solar development
Special Permit uses include but are not limited to:
• Self-Storage Facility
• Marijuana Retailer
• Vehicle Service or related uses
• Trucking depot or related uses
New development activity is lively in the immediate area of the subject property. Underway on the adjacent land parcel is the “Leicester Central” development headed by The Brennan Group and John M. Corcoran & Company. Leicester Central is a ±267,000 square foot centrally located Class A warehouse and distribution facility with a projected delivery date of March 2023. This top-of-the-line facility will boast 36’ clear ceiling heights, 60’ speed bay, 45 dock doors and include build-to-suit office space within.
Located just 8 miles southwest of the Clark Street property is the permitted development of a 2.8 million square foot Amazon distribution center at 53 Sturbridge Road in Charlton. The permitted facility, which is soon to be under construction is being developed by Bluewater Property Group, and Bay Colony Properties of Waltham.
By-right uses include but are not limited to:
•Storage, warehouse, and distribution
•Manufacturing or other industrial related uses
•Wholesale related business
•Marijuana establishment (non-retail in nature)
•Solar development
Special Permit uses include but are not limited to:
• Self-Storage Facility
• Marijuana Retailer
• Vehicle Service or related uses
• Trucking depot or related uses
New development activity is lively in the immediate area of the subject property. Underway on the adjacent land parcel is the “Leicester Central” development headed by The Brennan Group and John M. Corcoran & Company. Leicester Central is a ±267,000 square foot centrally located Class A warehouse and distribution facility with a projected delivery date of March 2023. This top-of-the-line facility will boast 36’ clear ceiling heights, 60’ speed bay, 45 dock doors and include build-to-suit office space within.
Located just 8 miles southwest of the Clark Street property is the permitted development of a 2.8 million square foot Amazon distribution center at 53 Sturbridge Road in Charlton. The permitted facility, which is soon to be under construction is being developed by Bluewater Property Group, and Bay Colony Properties of Waltham.
PROPERTY FACTS
| Price | $750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 13.47 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | Commercial | ||
| Price | $750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 13.47 AC |
| No. Stories | 1 |
| Zoning | Commercial |
1 LOT AVAILABLE
Lot 2
| Price | $750,000 | Lot Size | 13.47 AC |
| Price Per AC | $55,679.29 |
| Price | $750,000 |
| Price Per AC | $55,679.29 |
| Lot Size | 13.47 AC |
Level development site located adjacent to Route 56 in Leicester and minutes from Route 20 and the Massachusetts Turnpike (I-90. The site is located in the marijuana overlay district and the Town of Leicester is supportive of cannabis cultivation
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PROPERTY TAXES
| Parcel Number | LEIC-000044-A000004 | Improvements Assessment | $8,731,536 |
| Land Assessment | $238,300 | Total Assessment | $8,969,836 |
PROPERTY TAXES
Parcel Number
LEIC-000044-A000004
Land Assessment
$238,300
Improvements Assessment
$8,731,536
Total Assessment
$8,969,836
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5 Clark St
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