Ground-Floor Office
For Sale
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881 South Street Unit 3, Fitchburg, MA 01420
Ground-floor office suite suited for general office or medical use with flexible fit-to-suit layout and ample parking.
Property Size2,094 SF
Price / SF$1.24
Days on Market98
Property Features for 881 South Street Unit 3
General Information
Standard status
Active
Size
2,094 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Building Details
Year Built
1956
Listing Agency:
Champa Realty, Inc.
(978) 343-4414
Listed By:
Steven Champa · License #454500468
(508) 331-3459
Source:
Lockandkeyre
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 1 at 4:48AM
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 Champa Realty, Inc.
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Investment Insights
Based on property information with market context.
This ground-floor office suite offers approximately 2,094 SF and a layout that can be fit to suit your business requirements. The space is suitable for general office or medical use and may be adapted for a range of tenant needs. An abutting tenant is a pediatric dental practice, creating a professional, healthcare-adjacent environment.
The suite is located at 881 South Street Unit 3 in Fitchburg, MA, with accessibility supported by proximity to Route 2, about one mile away. Ample parking is available for employees and clients.
Built in 1956, the property provides a straightforward setup for an organization looking for immediate occupancy and a configurable ground-floor footprint.
The suite is located at 881 South Street Unit 3 in Fitchburg, MA, with accessibility supported by proximity to Route 2, about one mile away. Ample parking is available for employees and clients.
Built in 1956, the property provides a straightforward setup for an organization looking for immediate occupancy and a configurable ground-floor footprint.
Key Highlights
- Approximately 2,094 SF ground‑floor office suite
- Fit‑to‑suit layout for general office or medical use
- Abutting pediatric dental practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,287
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,740
$585.7K
Cap Rate 7%
$418,386
$418.4K
Cap Rate 9%
$325,411
$325.4K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$52.8K $25.20/SF
− Vacancy
−$4.0K −$1.89/SF
EGI
$48.8K $23.31/SF
− OpEx
−$19.5K −$9.32/SF
NOI
$29.3K $13.99/SF
Area
Worcester County, MA
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,740
Cap Rate 7%
$418,386
Cap Rate 9%
$325,411
Alternative Uses
Best Use
Office B
$545.2K
$477.0K – $636.1K
NOI $38,163 @ 7.0% cap · market cap 1,467.81%
Second Best
Healthcare Medical
$418.4K
$366.1K – $488.1K
NOI $29,287 @ 7.0% cap · market cap 1,126.42%
Theoretical Best
Office A
$715.1K
$625.7K – $834.3K
NOI $50,055 @ 7.0% cap · market cap 1,925.19%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
397
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
Frequently Asked Questions
What type of property is this?
Office unit - Ground-floor office suite suited for general office or medical use with flexible fit-to-suit layout and ample parking.
Where is this office unit located?
The property is located at 881 South Street Unit 3 Fitchburg, MA.
What are key features of this property?
This property features: Approximately 2,094 SF ground‑floor office suite; Fit‑to‑suit layout for general office or medical use; Abutting pediatric dental practice
