Multi-Tenant Office Investment
For Sale
Contact for pricing
76 Summer St, Fitchburg, MA 01420
Value-add office building with income and appreciation potential.
Property Size60,000 SF
Lot Size2.29 Acres
Price / SF$60
Days on Market163
Property Features for 76 Summer St
General Information
Standard status
Active
Size
60,000 SF
Class
C
Total Parking Spaces
300
Lot size
2.29 Acres
Property subtype
Office
Zoning
NB
Occupancy
80%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$419,028
Building Details
Year Built
1969
Year Renovated
2024
Buildings
1
Stories
3
Units
68
Tenancy
Multi
Listing Agency:
Gibson | Sotheby's International Realty
(978) 877-8194
Listed By:
Kenneth Leva · License #9510933
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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.
The property at 76 Summer Street in Fitchburg, MA, presents an opportunity to acquire a four-story, elevator-served, multi-tenant office building. The building has approximately 60,000 square feet of gross building area and approximately 40,000 square feet of net rentable space, situated on 2.29 acres. It is currently configured as a 68-suite professional office asset, accommodating 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 is generating income while offering investors a path to value creation through lease-up of existing vacancy, mark-to-market rent growth, and operational efficiencies. With approximately 25% vacancy, the property provides upside and the opportunity to increase Net Operating Income through targeted leasing initiatives. Upon stabilization, the property is projected to achieve approximately $410,000 in annual NOI.
Key Highlights
- Projected $410,000 Stabilized Net Operating Income (NOI)
- Value‑add opportunity through lease‑up of 25% vacancy
- Strong in‑place income with upside potential
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Value-add office building with income and appreciation 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 $3,600,000.
What are key features of this property?
This property features: Projected $410,000 Stabilized Net Operating Income (NOI); Value‑add opportunity through lease‑up of 25% vacancy; Strong in‑place income with upside potential
