75 Worcester St Worcester, MA 01604-3648
- Showrooms
- 21,882 SF
- 0.66 lot acres
Current Use by Public Records
- Liberty Engine Parts Inc / Auto Parts Store
Property Details for 75 Worcester St
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 lot acres
- Property size
- 21,882 SF
- Zone code
- BG-2
- Property type
- Showrooms
- APN
- WORC M:01 B:043 L:0001B
- APU
- WORCM01B043L0001B
Description
75 East Worcester Street in Worcester, Massachusetts offers a substantial 21,882-square-foot industrial warehouse available for immediate occupancy. This single-tenant property sits on a 28,540-square-foot lot and is ideally suited for warehousing or manufacturing operations. Built in 1965, the building features ceiling heights ranging from 15 to 16 feet 3 inches, providing ample vertical space for storage and operations. Two drive-in doors offer convenient access for loading and unloading. The property boasts 200-amp, 240-volt power. Its strategic location in Worcester provides easy access to major transportation arteries, including Interstates 290, 495, and 90, making it an excellent choice for businesses involved in distribution and logistics. The BG-2 zoning classification allows for a variety of commercial uses, offering flexibility for potential tenants and investors. This property presents a compelling opportunity for owner-occupiers or investors seeking a well-located, functional industrial space in a thriving market. The entire building is currently vacant, allowing for immediate customization to meet specific operational needs. The property's size and features make it suitable for a wide range of industrial applications.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,325,000
- 6.5%
- $2,750,000
- 7%
- $2,380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,175,000
- Geo Method
- $2,250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,430,000
- Retail
- $2,345,000
- Mixed-Use
- $2,920,000
- Hospitality
- $2,645,000
- Educational
- $2,475,000
- Residential Income
- $2,465,000
- Energy
- $2,685,000
- Income-Based Land
- $2,410,000
- Food Service
- $2,490,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7871
- Latitude
- 42.2638
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
