South St Fitchburg, MA 01420

Property Details for South St

Year built

1953

Lot size

0.73 lot acres

Property type

Commercial real estate

Description

This unique 49,500 square foot property in Fitchburg, MA presents a compelling redevelopment opportunity. The site encompasses a substantial former school building (approximately 36,900 square feet) and a separate residence hall (approximately 12,600 square feet) situated on a 0.73-acre lot. The property's versatile layout lends itself to a variety of uses, making it ideal for conversion into a multi-family residential complex, potentially exceeding 50 apartments, or a modern office space. The existing residence hall could be repurposed as additional apartments or a rooming house, further enhancing the property's income potential. The building boasts attractive amenities including a full kitchen, a sizable lecture hall, and a basketball court, offering unique possibilities for future tenants or occupants. Its strategic location offers convenient access to major transportation routes, being approximately one mile from Route 2 and a quarter-mile from Route 12. Furthermore, its proximity to Worcester (25 minutes) and Boston (approximately one hour) provides excellent connectivity to a larger metropolitan area. The property is situated within an Opportunity Zone, presenting additional financial incentives for qualified investors. This is a rare chance to acquire a large-scale property with significant upside in a location experiencing high demand for housing. The substantial size and existing infrastructure of the buildings offer a solid foundation for a successful redevelopment project.

Location Insight

City

Fitchburg

County

Worcester

State

Massachusetts

Longitude

-71.7981

Latitude

42.5807