68 Albany St Worcester, MA 01604-3655
- Warehouses
- 31,321 SF
- 0.95 lot acres
Current Use by Public Records
- Warehouses
Property Details for 68 Albany St
- Year built
- 1975
- Construction
- STEEL FRAME
- Lot size
- 0.95 lot acres
- Property size
- 31,321 SF
- Zone code
- MG-2
- Property type
- Warehouses
- APN
- WORC M:16 B:031 L:00003
- APU
- WORCM16B031L00003
Description
This ±31,175 square foot industrial property, located at 68 Albany Street in Worcester, MA, presents a significant opportunity for manufacturing or warehouse operations. Built in 1975 and situated on a 0.95-acre lot, the single-tenant building boasts a 24-foot ceiling height, ideal for various industrial uses. Two oversized drive-in doors facilitate efficient loading and unloading, complemented by two bridge cranes for enhanced material handling. The property is zoned MG-2 (General Manufacturing) and benefits from excellent access to major transportation arteries, including Routes 20, 146, I-290, and the Massachusetts Turnpike (I-90). Outside fenced storage provides additional space for materials or equipment. The property is currently vacant and the owner is open to negotiating interior improvements, such as new LED lighting, interior painting, and office upgrades, which can be incorporated into the lease terms. This well-maintained facility offers a strategic location and adaptable space for a variety of industrial businesses seeking a presence in Worcester County. The property's size, features, and convenient location make it an attractive option for companies requiring substantial warehouse and/or manufacturing space. Serious inquiries are encouraged to explore this exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,080,000
- 6.5%
- $985,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $855,000
- Retail
- $910,000
- Mixed-Use
- $1,165,000
- Hospitality
- $955,000
- Educational
- $1,125,000
- Residential Income
- $1,145,000
- Energy
- $1,115,000
- Income-Based Land
- $1,085,000
- Food Service
- $895,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7817
- Latitude
- 42.266
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA