222-228 Park Avenue PlWorcester, MA 01609

Property Details for 222-228 Park Avenue Pl

Lot size

0.35 AC

Property size (Sq ft)

10,931 SF

Property type

Office properties

Property subtype

Apartment buildings

Description

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.

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2708

Longitude

-71.8163

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