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Property profile & analytics
OFF-MARKET
Office buildings

66 Southgate St Worcester, MA 01603-2800

3,040 SF 0.13 ac lot Built 1950
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-0004858
Property summary
AI-generated overview

This exceptional 3,040-square-foot office and flex space at 66 Southgate Street in Worcester, Massachusetts, presents a unique opportunity for a single tenant. Ideally situated for convenient access to downtown Worcester, Interstate 290, and Route 146, this property offers unparalleled convenience. The building, situated on a 0.13-acre lot, boasts a versatile layout previously used as a research and development facility. The space includes well-appointed office areas, a substantial amount of storage, and a significant advantage: one convenient drive-in bay with an overhead door. This feature is particularly beneficial for businesses requiring easy loading and unloading of materials or equipment. The property is zoned RG-5 by the City of Worcester, providing flexibility for a variety of uses. The entire 3,040 square feet is currently vacant and ready for immediate occupancy. This is an excellent opportunity to secure a well-located, functional space in a thriving area. The property's previous use as an environmental research and development facility suggests the presence of suitable infrastructure for similar businesses, though this should be verified independently. The combination of office and flex space makes this property suitable for a wide range of businesses seeking a convenient and adaptable workspace.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,040 SF
Lot 0.13 ac (5,542 SF)
Zoning code RG-5
APN WORC M:07 B:025 L:00029
UPID US38-0004858
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sahil Props LLC · 6 yrs held
Sahil Props LLC
since 2020
Last sale
$167,500
4 recorded transactions
2020
$167,500
2011
$99,500
2006
Price N/A
2006
$150,000
Zoning & alternative use
RG-5 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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