Mixed-Use Office and Residential
585 Park Ave Worcester, MA 01603
For Sale
$799,865
Generates income with long-term first-floor commercial leases and residential units on the second floor.
Days on Market50
Property Features for 585 Park Ave
General Information
- Standard status
- Active
Building Details
- Year Built
- 1965
Listing Agency:
Starterline
Listed By:
Ray Lopolito
Source:
413realestate
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 23 at 3:30AM
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 Starterline
Investment Insights
Based on property information with market context.
This mixed-use property is positioned for an investor owner, with long-term commercial leases on the first floor. Two office spaces remain available to rent, and a portion of the parking area is currently rented, contributing to today’s income. Residential space is located on the second floor, with occupancy described as TAW.
Located at 585 Park Ave in Worcester, MA 01603, the building combines income-producing commercial space and residential units within the same structure, along with revenue from a rented portion of the parking area.
For the right buyer, the property offers a straightforward path to maximizing existing revenue streams while leasing the remaining office spaces that are currently available. It may also appeal to operators seeking a small mixed-use setup with established first-floor commercial leasing and residential occupancy status noted as TAW on the second floor. The balance of leased and available components can be attractive for buyers looking to manage leasing progress across the office space and ongoing residential operations.
Located at 585 Park Ave in Worcester, MA 01603, the building combines income-producing commercial space and residential units within the same structure, along with revenue from a rented portion of the parking area.
For the right buyer, the property offers a straightforward path to maximizing existing revenue streams while leasing the remaining office spaces that are currently available. It may also appeal to operators seeking a small mixed-use setup with established first-floor commercial leasing and residential occupancy status noted as TAW on the second floor. The balance of leased and available components can be attractive for buyers looking to manage leasing progress across the office space and ongoing residential operations.
Key Highlights
- 1965‑built property generating income from long‑term first‑floor commercial leases
- Second‑floor residential units provide additional rental income (TAW)
- Two office spaces are available to rent to help increase current income
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mills Auto Center ...
Auto Repair Shop
B&J Auto Repairs
Auto Repair Shop
FAQs
What type of property is this?
Office units - Generates income with long-term first-floor commercial leases and residential units on the second floor.
Where is this office units located?
The property is located at 585 Park Ave Worcester, MA.
What is the asking price?
The asking price for this property is $799,865.
What are key features of this property?
This property features: 1965‑built property generating income from long‑term first‑floor commercial leases; Second‑floor residential units provide additional rental income (TAW); Two office spaces are available to rent to help increase current income
