21 Eastern Ave Worcester, MA 01605-3094
- Showrooms
- 22,742 SF
- 1.51 lot acres
Current Use by Public Records
- UMass Memorial Health Endoscopy Center / Medical Clinic
- Black Swan Media Co - Worcester / Website Designer / Marketing Agency
- Inter Med Associates / Medical Specialist
- Labcorp / Paternity Testing Service / Medical Laboratory
- 21 Eastern Ave Endo / Medical Center
Property Details for 21 Eastern Ave
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 1.51 lot acres
- Property size
- 22,742 SF
- Zone code
- RG-5
- Property type
- Showrooms
- APN
- WORC M:01 B:035 L:51+56
- APU
- WORCM01B035L5156
Description
This exceptional medical office building, located at 21 Eastern Ave in Worcester, MA (01605), offers a range of flexible suite sizes ideal for various medical practices. The property, totaling 22,742 square feet, features multiple tenancies within Worcester County. Individual suites range from a minimum of 406 square feet to a maximum contiguous space of 2,585 square feet, providing options to accommodate practices of all sizes. Two units can be combined to create a larger 2,585 square foot suite with convenient direct outdoor access via the lower level. The building enjoys high visibility and excellent accessibility, with ample parking available for patients and staff. Its strategic location ensures easy access to major transportation routes, enhancing convenience for both clients and employees. This is a prime opportunity to establish or expand your medical practice in a thriving Worcester County location. The property is classified as a medical office building within the Office property type.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,345,000
- 6.5%
- $5,870,000
- 7%
- $6,035,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,670,000
- Geo Method
- $5,805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,550,000
- Retail
- $4,755,000
- Mixed-Use
- $4,755,000
- Hospitality
- $5,240,000
- Educational
- $6,365,000
- Residential Income
- $5,770,000
- Energy
- $6,270,000
- Income-Based Land
- $5,860,000
- Food Service
- $5,080,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7906
- Latitude
- 42.2653
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
