265 Summer St Fitchburg, MA 01420-4590
- Retail space
- 18,532 SF
- 3.29 lot acres
Current Use by Public Records
- Thirsty Robot Brewing Company / Brewery / Brewpub
- Vital Ems / Ambulance Service
- Eagle Garage Doors And Gate Repair Inc. / Garage Door Supplier
Property Details for 265 Summer St
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 3.29 lot acres
- Property size
- 18,532 SF
- Zone code
- C
- Property type
- Retail space
- APN
- FITC M:0110 B:0001 L:4
- APU
- FITCM0110B0001L4
Description
This exceptional commercial property at 265 Summer Street in Worcester County, Fitchburg offers ±14,802 square feet of immediately available retail and office space. The building totals 18,532 square feet and sits on a 3.29-acre lot, providing ample space and visibility. The property boasts prominent frontage and pylon signage opportunities along Summer Street, ensuring high visibility for your business. Currently configured for multiple tenants, divisible spaces range from a minimum of 5,500 square feet to a maximum contiguous space of 9,302 square feet. The building is undergoing exterior façade updates, and the landlord is actively exploring additional options for retail and medical office tenants. Previously a car dealership, the property currently houses Thirsty Robot Brewing Company, demonstrating its suitability for a variety of businesses. The property includes 173 on-site parking spaces for employees and visitors, providing convenient access for clients and staff. Utilities include electric, gas, city water, and sewer. This is a rare opportunity to secure high-profile commercial space in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,995,000
- 6.5%
- $1,810,000
- 7%
- $1,770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,545,000
- Geo Method
- $1,850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,840,000
- Retail
- $1,915,000
- Mixed-Use
- $1,695,000
- Hospitality
- $2,105,000
- Educational
- $1,920,000
- Residential Income
- $1,975,000
- Energy
- $1,595,000
- Income-Based Land
- $1,925,000
- Food Service
- $1,855,000
Location Insight
- Map
- Local Demand
- City
- Fitchburg
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7809
- Latitude
- 42.5725
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
