109 Oak Hill Rd Fitchburg, MA 01420
- Specialty properties
- 3,100 SF
- 0.42 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 109 Oak Hill Rd
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.42 lot acres
- Property size
- 3,100 SF
- Zone code
- RC
- Property type
- Specialty properties
- APN
- FITC M:0063 B:0032 L:0
- APU
- FITCM0063B0032L0
Description
This unique 0.42-acre property at 109 Oak Hill Rd, Fitchburg, MA, presents a remarkable investment opportunity. Currently zoned RC for mixed use, this building offers immense potential for conversion into residential housing or a vibrant function hall. Previously operating as the St. Joseph social club, the property boasts a recently installed roof and has undergone professional cleaning. The upper level features a spacious function room, a bar area, a fully equipped commercial kitchen, and two restrooms. The lower level includes a second kitchen, a full bar, additional restrooms, an office, and a large open area previously used for recreational activities like pool and darts. Utilities are connected and the property is ready for immediate viewing. The building's layout and existing infrastructure provide a solid foundation for a variety of uses. Buyers are responsible for conducting their own due diligence, and obtaining any necessary special permits for their intended use. This is a truly exceptional opportunity to acquire a versatile property in a desirable location. Bring your vision and transform this space into a thriving business or residential complex. The asking price is $335,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $265,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $270,000
- Mixed-Use
- $230,000
- Hospitality
- $200,000
- Educational
- $235,000
- Residential Income
- $215,000
- Energy
- $200,000
- Income-Based Land
- $195,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Fitchburg
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8222
- Latitude
- 42.5785
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA