14 Putnam Ln Worcester, MA 01604-3660
Property profile & analytics
14 Putnam Ln Worcester, MA 01604-3660
- Showrooms
- 7,806 SF
- 0.93 lot acres
Property ID
US38-1711579
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ricciardi Bros Inc. / Construction Company / General Contractor
Property Details for 14 Putnam Ln
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.93 lot acres
- Property size
- 7,806 SF
- Zone code
- MG-2
- Property type
- Showrooms
- APN
- WORC M:16 B:029 L:00011
- APU
- WORCM16B029L00011
Description
This exceptional 1.5-acre industrial property in Worcester, Massachusetts, presents a unique redevelopment opportunity. Located at 14 Putnam Ln, 01604, this site boasts a 13,500 square foot flex space building, built in 1965, featuring 12 loading docks and 11 dock-high doors. The building offers ceiling heights ranging from 12 to 18 feet, providing ample versatility for various uses. The asking price is $2,500,000, translating to $185.19 per square foot. Its prime location on Shrewsbury Street, Worcester's main dining destination, offers unparalleled walkability to Union Station and numerous restaurants. The site's zoning and potential allow for the development of approximately ninety residential units, based on comparable projects in the area. This makes it an attractive investment for developers seeking a high-amenity location within a thriving 200,000-person city. The existing flex space is suitable for a brewery, creative office, or maker space, offering immediate income potential while redevelopment plans are underway. This property represents a rare blend of immediate usability and significant long-term development potential in a highly desirable urban setting.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,010,000
- ML approach
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $729,000
Market price range: $629k - $1.16M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $865,000 Current use
- RESTAURANT
- $1,625,000 Change: +88% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,335,000 Change: +54% Conversion: Difficult
- RETAIL STORES
- $1,140,000 Change: +32% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $985,000 Change: +14% Conversion: Difficult
- OFFICE BUILDING
- $975,000 Change: +13% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $935,000 Change: +8% Conversion: Moderate
- WAREHOUSE, STORAGE
- $785,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7785
- Latitude
- 42.2681
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$20,310
$384,200
$291,900
$676,100
-
$0.00
$0.00
$0.00
