265 Summer StFitchburg, MA 01420

Property Details for 265 Summer St

Year built

2003

Construction

STEEL FRAME

Lot size

3.29 AC

Property size (Sq ft)

18,532 SF

Zone code

C

Property type

Retail space

APN

FITC M:0110 B:0001 L:4

APU

FITCM0110B0001L4

Description

This exceptional commercial property at 265 Summer Street in Worcester County, Fitchburg offers ±14,802 square feet of immediately available retail and office space. The building totals 18,532 square feet and sits on a 3.29-acre lot, providing ample space and visibility. The property boasts prominent frontage and pylon signage opportunities along Summer Street, ensuring high visibility for your business. Currently configured for multiple tenants, divisible spaces range from a minimum of 5,500 square feet to a maximum contiguous space of 9,302 square feet. The building is undergoing exterior façade updates, and the landlord is actively exploring additional options for retail and medical office tenants. Previously a car dealership, the property currently houses Thirsty Robot Brewing Company, demonstrating its suitability for a variety of businesses. The property includes 173 on-site parking spaces for employees and visitors, providing convenient access for clients and staff. Utilities include electric, gas, city water, and sewer. This is a rare opportunity to secure high-profile commercial space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,503,923

  6.5%

  $4,157,467

  7%

  $3,860,505

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,101,906

  Geo Method

  $6,101,906

• Alternative Use

  Use

  Valuation

  Residential

  $3,506,979

  Hospitality

  $3,212,374

  Educational

  $2,672,658

  Medical

  $2,764,574

  Retail

  $4,157,467

Location Insight

City

Fitchburg

County

Worcester

State

Massachusetts

Latitude

42.5725

Longitude

-71.7809

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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