Fitchburg Multi-Tenant Office
For Sale
$3,500,000
76 Summer St, Fitchburg, MA 01420
Four-story office building with income and upside potential.
Property Size40,000 SF
Lot Size2.29 Acres
Price / SF$63.64
Days on Market139
Property Features for 76 Summer St
General Information
Standard status
Active
Size
40,000 SF
Lot size
2.29 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$47,797
Building Details
Building Size
40,000 SF
Year Built
1969
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
Kenneth J. Leva · License #9510933
(978) 877-8194
Source:
Classifiedrealtygroup
Added: Apr 25
Changed: Sep 8
Last Checked: Sep 9 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located at 76 Summer Street in Fitchburg, MA, this four-story, elevator-served multi-tenant office building presents a value-add investment opportunity. The property features approximately 55,000 square feet of gross building area and approximately 40,000 square feet of net rentable space, situated on 2.29 acres. It offers ample on-site parking and flexible suite configurations. Configured as a 68-suite professional office asset, the property accommodates a diverse tenant base, ranging from small professional users to larger full-floor occupants. Suite sizes can be subdivided from approximately 94 square feet to 11,000 square feet, allowing the building to support a broad range of tenant requirements and enhancing leasing flexibility. The property offers strong in-place income with significant upside through strategic leasing and asset management, with a projected $500,000 stabilized NOI.
Key Highlights
- Projected $500,000 Stabilized Net Operating Income (NOI)
- Value‑add opportunity through strategic leasing and asset management
- 55,000 square feet gross building area / 40,000 square feet net rentable space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
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Business Placement
Demographics for 01420, MA
41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,393
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Four-story office building with income and upside potential.
Where is this office building located?
The property is located at 76 Summer St Fitchburg, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Projected $500,000 Stabilized Net Operating Income (NOI); Value‑add opportunity through strategic leasing and asset management; 55,000 square feet gross building area / **40,000 square feet net rentable space**
