For Sale
$1,850,000

222-228 Park Avenue PlWorcester, MA 01609

Prime location, high traffic, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity comprises three properties totaling 10,931 square feet on a 0.35-acre lot at 222-228 Park Avenue, Worcester, MA 01609. The portfolio includes a newly renovated 6,170 square foot Class B commercial office building (226 Park Ave, BO-1 zoning) featuring a conference room, open workspace, private offices, and a separate 1,100 square foot private office suite. Also included is a three-family residential building (224 Park Ave, RS-7 zoning) spanning 3,153 square feet, consisting of two two-bedroom units and one one-bedroom unit. Finally, a single-family home (222 Park Ave, RS-7 zoning) offering three bedrooms and one and a half bathrooms, totaling 1,608 square feet, completes the portfolio. The properties benefit from a highly visible location with approximately 22,000 cars passing daily, situated directly off Route 9, across from a major grocery store and Doherty High School, and minutes from downtown Worcester, I-290, and WPI. Annual property taxes total $17,650 ($9,120 for 226 Park Ave, $4,567 for 224 Park Ave, and $3,961 for 222 Park Ave). This multi-family and office property presents a compelling blend of commercial and residential income streams in a high-demand area. The strong tenant base and prime location make this a rare opportunity for investors seeking a diversified portfolio with significant upside potential.

Highlights

  • 226 Park Ave: 6,170 SF Class B office building, BO-1 zoning, newly renovated.
  • 224 Park Ave: 3,153 SF three-family residential building, RS-7 zoning.
  • 222 Park Ave: 1,608 SF single-family home, RS-7 zoning.
  • 226 Park Ave Property Taxes: $9,120.
  • 224 Park Ave Property Taxes: $4,567.
  • 222 Park Ave Property Taxes: $3,961.

Property Details for 222-228 Park Avenue Pl

Property type
Office properties, Apartment buildings
Square Feet
10,931 SF
Class
B
Lot Size (sq. ft)
15,246 SF

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.2707786
Longitude
-71.8162962
222-228 Park Avenue Pl, Worcester, Massachusetts

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222-228 Park Avenue Pl
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