47 Prospect St, West Boylston, MA 01583-1301
This meticulously maintained, 2,412 square foot office building at 47 Prospect Street in West Boylston, MA, presents a unique investment opportunity. Built in 1846, this classic colonial-style structure boasts six private offices, two waiting rooms, a kitchen, and two full and two half bathrooms. Recently updated to enhance both functionality and energy efficiency, the building features new vinyl windows, completed insulation and air sealing, a restored slate roof, fresh exterior paint, and a completely overhauled electrical system. Additional improvements include a commercial-grade dehumidifier, an A/C split unit, and a security alarm system. The property is ADA compliant, featuring a half bathroom, dedicated handicap parking, and a full ramp entrance, all implemented in 2010. Situated on a 0.52-acre lot, it offers ample off-street parking for twelve vehicles. Currently operating as a successful private counseling practice, this versatile property is zoned for business use, allowing for flexibility in its future applications, including home occupations or residential conversion. Located within ten miles of Worcester, Shrewsbury, Boylston, and Holden, this property offers convenient access to major roadways and a thriving regional economy. The asking price is $599,900. The property is also available for sale as a single-family home under a separate MLS listing. The first-floor bathroom meets 2010 ADA standards. The Business (BUS) zoning provides considerable flexibility for the next owner.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.