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    OFF-MARKET
    Medical Office Space

    148 Worcester St, West Boylston, MA 01583

    7,731 SF 0.92 ac lot Built 1895
    Property ID
    US38-0660189
    Property summary
    AI-generated overview

    This exceptional West Boylston, MA property, located at 148 Worcester Street, presents a unique investment opportunity. The 7,731 square foot building, constructed in 1895 and renovated in 2006, sits on a 0.92-acre lot and offers 5,250 square feet of net rentable space. Currently operating at 100% occupancy as a single-tenant medical/executive office building, the property features numerous private offices and meeting rooms spread across three floors. The building boasts 30 parking spaces, a significant advantage in this location. Its classic Victorian architecture adds character and charm. Currently zoned for General Residence, the property holds a business variance allowing for its current use and presents a multitude of potential future uses, including multifamily development, retail, professional offices, daycare, educational facilities, or religious purposes. The asking price is $895,000. This Class B building offers a blend of historical charm and modern functionality, making it an attractive investment for a variety of buyers. The property's versatility and ample parking make it a highly desirable asset in the competitive West Boylston market.

    Property profile
    Verified
    Property type Medical Office Space
    Year built 1895
    Total area 7,731 SF
    Lot 0.92 ac (40,075 SF)
    UPID US38-0660189
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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