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    2 Olde Millbury St Worcester, MA 01655

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    For Sale
    $1,199,000

    Two-story industrial building in a growing neighborhood with loading docks.

    Property size:
    20,410 SF
    Lot size:
    0.27 Acres

    Property Features for 2 Olde Millbury St

    General Information

    Size
    20,410 SF
    Lot size
    0.27 Acres

    Source: Coldwell Banker Realty | Brookline - Newton - Chestnut Hill Regional Office Agent Eric Girard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building in Canal District

    This two-story industrial building, totaling 20,410 square feet, is situated on 0.26 acres of land. The property features a full basement and a 1,470 square foot mezzanine. It includes six drive-in storage bays and two tailboard loading docks. Ceiling heights are generally between 10 and 12 feet, with some areas having higher ceilings. Located in the Canal District, the property offers convenient access to I-290, Route 146 connecting with Route 90, and Route 20. The building has oversized windows and is being offered fully vacant for sale by owner/user. It is located in one of the fastest growing and developing neighborhoods of the city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alpha Restaurant & Pizza ... Restaurant Supply Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    CubeSmart Self Storage, Advanced Cleaning and Restoration, Armory Motor Storage, Armory Street Cold Storage, Storage 365

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8016865
    Latitude
    42.2481157

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    FAQs

    What type of property is this?
    Warehouse - Two-story industrial building in a growing neighborhood with loading docks.
    Where is this warehouse located?
    The property is located at 2 Olde Millbury St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - Fully vacant 20,410 SF industrial building offered for sale.; - Located in the rapidly developing Canal District with easy highway access (I-290, Route 146, Route 90, Route 20).; - Features six (6) drive-in storage bays and two (2) tailboard loading docks.
    (508) 280-2245
    Request Owner's contact information
    2 Olde Millbury St Worcester, MA 01655
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    Worcester, MA 01655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Olde Millbury St Worcester, MA 01655
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