393-397 Shrewsbury St Worcester, MA 01604
- Apartment buildings
- 1 SF
- 0.39 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 393-397 Shrewsbury St
- Lot size
- 0.39 lot acres
- Property size
- 1 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully permitted 24-unit multifamily apartment complex situated on a 0.39-acre lot at 393-397 Shrewsbury Street in Worcester, Massachusetts. The property boasts a prime location on the vibrant Shrewsbury Street, offering high visibility and convenient access to major roadways, including I-290. The building design incorporates underground parking for residents, a significant advantage in this desirable area. Adding to its appeal, the complex includes valuable first-floor commercial space, perfect for a variety of businesses. Each unit is designed as a market-rate residential apartment, catering to the strong demand for housing in Worcester. The property's proximity to downtown Worcester provides residents with easy access to a wide array of dining, retail, and entertainment options. This is a rare chance to acquire a fully permitted, high-potential multifamily development in a thriving urban location. The asking price is $1,600,000. This represents a compelling investment opportunity with significant upside potential. The property's strategic location and well-planned design make it an attractive proposition for both seasoned investors and those new to the market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.775
- Latitude
- 42.271
