71 Lee StWest Boylston, MA 01583

Property Details for 71 Lee St

Year built

2014

Construction

STEEL FRAME

Lot size

24.49 AC

Property size (Sq ft)

7,728 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

WBOY M:0156 B:0006 L:0000

APU

WBOYM0156B0006L0000

Description

This exceptional 7,000-square-foot industrial building on a 9-acre lot in West Boylston, Massachusetts, presents a unique opportunity for agricultural or aquaculture businesses. Built in 1989 and renovated the same year, the single-story structure boasts a 20-foot ceiling height and a poured concrete slab. The property includes a 5,000-square-foot vacant space, easily subdividable into smaller units (400 sq ft+), making it ideal for various uses. High-efficiency radiant floor heating, provided by gas, and fully insulated walls ensure optimal climate control. Ample parking is available with space for approximately 25 cars, and the property features a gravel driveway, semi-truck access, and a turnaround area. One drive-in door and overhead doors provide convenient vehicle access. A small office with a half-bath is also included. The property is zoned R and is located on Lee Street, with 150 feet of frontage. Taxes are $1 per square foot. The property's location in the Worcester submarket of Worcester County offers excellent access to transportation and local amenities. This versatile property is perfect for indoor agriculture ventures such as microgreens, herbs, hydroponics, aquaponics, mushroom cultivation, vermiculture, shrimp farming, waterscaping, fruit and vegetable growing, or related businesses. Consider it for tiny house builders, camper van conversions, craft breweries, kombucha production, distilleries, landscaping businesses, or agricultural equipment storage. Don't miss this chance to acquire a prime agricultural/aquaculture property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,584,310

  6.5%

  $1,462,440

  7%

  $1,357,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,565,098

  Geo Method

  $1,565,098

• Alternative Use

  Use

  Valuation

  Residential

  $1,462,440

  Hospitality

  $1,339,587

  Educational

  $1,114,521

  Medical

  $1,152,851

  Retail

  $1,733,699

Location Insight

City

West Boylston

County

Worcester

State

Massachusetts

Latitude

42.3535

Longitude

-71.8061

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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