42 Lk Ave, Worcester, MA 01604-5816
This three-story, 8,168 square foot traditional office building at 42 Lake Ave, Worcester, MA 01604, is offered for sale at $975,000. Built in 1960, the property sits on a 0.33-acre lot and is zoned BL-1. Currently housing two tenants on at-will leases, this presents a compelling opportunity for owner-occupancy or value-add investment. The building features 28 off-street parking spaces and enjoys a highly desirable location near major roadways including Route 9, Route 20, I-290, and I-190, providing easy access to the region's transportation network. Its proximity to UMass Memorial Medical Center's University Campus and UMass Chan Medical School, along with nearby amenities such as restaurants, banks, and shopping centers at Shrewsbury Street, White City Plaza, Lakeway Commons, and Quinsigamond Plaza, further enhances its appeal. This property offers a unique blend of convenience, accessibility, and potential for significant return on investment. The building's multi-tenant occupancy provides immediate cash flow, while the at-will leases offer flexibility for future development and repositioning. This is an exceptional opportunity to acquire a well-located office building in a thriving market.
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Royal Insurance Insurance Agency
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Surabian Advertising Inc Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
BL-1 · Worcester, MAWorcester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.