Markets We Serve
Leicester, Massachusetts
Commercial Real Estate
Leicester sits in Worcester County right on Route 9, about 5 miles west of Worcester. It takes in the villages of Cherry Valley, Rochdale, and Greenville, and you get a mix of residential neighborhoods and commercial corridors that feed the greater Worcester area.
11,076
Population
$11.77
Tax Rate / $1,000 (FY2025)
1
Available Properties
$95,776
Median Household Income
Commercial Corridors
Key Business Districts
Main Street/Route 9
Primary commercial corridor through Cherry Valley
South Main Street
Historic mill district with flex/industrial space
Stafford Street
Commercial and light industrial uses
Zoning
Zoning Districts
Regional Access
Transportation
Route 9: 5 minutes to Worcester, connects to I-290
I-90 (Mass Pike): Nearest access at Exit 90 in Auburn
Route 56: North-south connector to Paxton and Oxford
Economic Base
Major Employers
Leicester Public Schools
Education
Historic Leicester Mill (Multi-Tenant)
Flex/Industrial
Cherry Valley Water District
Utilities
Price Chopper
Grocery Retail
Leicester Business Association Members
Various
Investment Thesis
Why Leicester?
Leicester has some of the lowest property taxes in Worcester County, $11.77 per thousand for FY2025, well under the state average. The Historic Leicester Mill is 74,745 SF of flex and industrial space with multiple tenants, one of the bigger adaptive reuse projects around here. You're close to Worcester and the Mass Pike at Auburn, so it works for distribution and light manufacturing.
Common Questions
Leicester Commercial Real Estate FAQ
Leicester offers flex and industrial space, notably the Historic Leicester Mill with 74,745 SF of multi-tenant space. The Main Street and Route 9 corridor provides retail and professional service opportunities in Cherry Valley. South Main Street features the historic mill district with flex and industrial options.
Leicester has a single property tax rate of $11.77 per $1,000 of assessed value for FY2025, one of the lowest rates in Worcester County. This rate is significantly below the state average and makes Leicester attractive for cost-sensitive commercial tenants.
Leicester offers among the lowest tax rates in Worcester County at $11.77 per thousand, with Mass Pike access at Exit 90 in nearby Auburn and just 5 minutes to Worcester via Route 9. The median household income of $95,776 supports quality retail tenants. The Historic Leicester Mill demonstrates strong adaptive reuse demand in the market.
Local Insights
Market Momentum
Historic Leicester Mill (74,745 SF) maintains high occupancy as one of the region's largest adaptive reuse projects
Tax rate of $11.77/thousand is among the lowest in Worcester County, attracting cost-sensitive tenants
Residential growth in Cherry Valley is increasing demand for neighborhood retail and services
Nearby Mass Pike access at Exit 90 in Auburn continues to drive interest from distribution and light manufacturing users
Available Listings
Our Properties in Leicester
Market Research
Latest on Leicester commercial real estate
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For Property Owners
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Market data last updated: December 2024. Sources: Town Assessor, U.S. Census, MA DOR.