18 Canterbury StWorcester, MA 01610

Property Details for 18 Canterbury St

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

4,207 SF

Zone code

MG-2

Property type

Retail properties

Property subtype

Auto shops

APN

WORC M:07 B:027 L:00002

APU

WORCM07B027L00002

Description

This 4,207 square foot vacant commercial property, located at 18 Canterbury Street in Worcester, Massachusetts, presents a unique investment opportunity. Built in 1987, this retail and industrial space is zoned MG-2 and sits on a 0.339-acre lot. Currently configured as an auto body shop, it's ideally suited for vehicle-related businesses. The building boasts two loading docks and two dock-high doors, facilitating efficient operations. Inside, you'll find 16-foot clear ceilings, providing ample vertical space. The property also features four drive-in doors, a 200-amp, 240-volt, 3-phase electrical system, natural gas, city water and sewer, and in-office HVAC. Its prime Worcester location offers high visibility within a densely populated area, ensuring excellent exposure to potential customers. Furthermore, its proximity to major transportation routes provides easy access throughout Greater Worcester, enhancing its logistical advantages. The asking price for this well-equipped and strategically located property is $850,000. This is a rare opportunity to acquire a versatile commercial space in a thriving Massachusetts market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,022,448

  6.5%

  $943,798

  7%

  $876,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,385,210

  Geo Method

  $1,385,210

• Alternative Use

  Use

  Valuation

  Residential

  $796,129

  Hospitality

  $729,250

  Educational

  $606,727

  Medical

  $627,594

  Retail

  $943,798

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.251

Longitude

-71.8113

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.