21-69 S Main St

Executive Summary

This is a 74,745 SF former mill in Cherry Valley, Leicester, six miles west of Worcester, and it's the kind of building that works for an owner-user, an income investor, or someone who wants to redevelop. It's masonry, three stories, built to last, with 4 loading docks and 2 drive-in doors, so getting trucks and freight in and out is straightforward. Right now the current tenants throw off about $22,000 a month, and there's still more than 50,000 SF of leasable space to fill. The first floor runs 350 to 10,000 SF and handles industrial, flex, or office. The second and third floors run 300 to 40,000 SF and work for office, retail, or flex. At $36.12 per square foot, you're buying well below replacement cost. The building sits on 3.74 acres with 60 parking spaces on Route 9, where 15,000+ cars go by every day. We've seen mills like this reused for manufacturing, warehouse, creative office, or mixed-use, and this one has the bones for it. You get direct access to Worcester six miles east and to I-90/the Mass Turnpike. The layout is flexible and the zoning is accommodating, so office, retail, distribution, or light industrial all fit. Wet sprinkler system throughout. If you're a value-add investor looking at industrial space for sale near Worcester, there's real room to grow the income here.