393-397 Shrewsbury StWorcester, MA 01604

Property Details for 393-397 Shrewsbury St

Lot size

0.39 AC

Property size (Sq ft)

1 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully permitted 24-unit multifamily apartment complex situated on a 0.39-acre lot at 393-397 Shrewsbury Street in Worcester, Massachusetts. The property boasts a prime location on the vibrant Shrewsbury Street, offering high visibility and convenient access to major roadways, including I-290. The building design incorporates underground parking for residents, a significant advantage in this desirable area. Adding to its appeal, the complex includes valuable first-floor commercial space, perfect for a variety of businesses. Each unit is designed as a market-rate residential apartment, catering to the strong demand for housing in Worcester. The property's proximity to downtown Worcester provides residents with easy access to a wide array of dining, retail, and entertainment options. This is a rare chance to acquire a fully permitted, high-potential multifamily development in a thriving urban location. The asking price is $1,600,000. This represents a compelling investment opportunity with significant upside potential. The property's strategic location and well-planned design make it an attractive proposition for both seasoned investors and those new to the market.

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.271

Longitude

-71.775

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