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    22 Richmond Ave Worcester, MA 01602

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    For Sale
    $2,500,000

    Commercial garage with redevelopment potential for business owners and investors.

    Lot size:
    1.02 Acres

    Property Features for 22 Richmond Ave

    General Information

    Lot size
    1.02 Acres

    Building Details

    Year built
    1912

    Source: RE/MAX Partners Agent John Chalino

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

    Overview

    Oversized Commercial Garage For Sale

    This oversized commercial garage is located in a quiet neighborhood. The property requires rehabilitation and presents an investment opportunity for business owners, developers, and investors. It offers potential for uses such as a garage, warehouse, storage facility, or retail space. The spacious design allows for redevelopment, making it suitable for those looking to repurpose or expand their operations. This property can be transformed into an asset that meets commercial needs and optimized for storage and industrial use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8305894
    Latitude
    42.274622

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    FAQs

    What type of property is this?
    Warehouse - Commercial garage with redevelopment potential for business owners and investors.
    Where is this warehouse located?
    The property is located at 22 Richmond Ave Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Oversized commercial garage offering significant potential.; - Ideal for redevelopment as a garage, warehouse, storage facility, or retail space.; - Presents a unique investment opportunity for business owners, developers, and investors.
    (774) 232-7101
    Request Owner's contact information
    22 Richmond Ave Worcester, MA 01602
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    Worcester, MA 01602
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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
    22 Richmond Ave Worcester, MA 01602
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