REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,900
Est. payment | /mo
0.36 Acres Lot
$ 499,900
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73522856
HOA Y/N false
Year Built 1840
Annual Tax Amount $5,785
Tax Year 2025
Lot Size 0.360 Acres
Acres 0.36
Property Description
Discover the possibilities at 981 Main St in Leicester. Built in 1840, this distinctive multi-family property blends timeless character with exceptional space and investment potential. Offering the development plan for converting this building to a cash flowing investment. The current developer has been working with the town regarding a conversion to 8 units with off street parking, presenting a rare value-add opportunity for investors and developers alike. Adding to its appeal, the property may qualify for Historic Tax Credits, creating additional upside for redevelopment and restoration. Rich with historic charm and future potential, this is a unique opportunity to reimagine a landmark property in the heart of Leicester. This town abuts Worcester and is primed for development. Property has 17 parking spots approved, asbestos remediation complete. This set up is near ready for the permitting process. Schedule your showing today.
Location
State MA
County Worcester
Zoning R2
Direction GPS Friendly
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Shingle
Others
Senior Community false
Listed by Lock and Key Realty Inc.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "