98 Canal StBlackstone, MA 01504

  • Investment properties
  • 12,636 SF
For Lease

Property Details for 98 Canal St

Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.37 AC
Property size (Sq ft)
12,636 SF
Property type
Investment properties
Property subtype
Live-work space
APN
BLAC M:0008 B:0000 L:41
APU
BLACM0008B0000L41

Description

Discover a fantastic leasing opportunity at 98 Canal Street in Blackstone, Massachusetts. This mixed-use building offers 12,702 square feet of space, with three available suites on the ground floor, ideal for a variety of retail uses. The suites range in size from approximately 700 square feet to 1,600 square feet, providing flexibility for different business needs. One suite offers approximately 1,300 square feet, another is approximately 1,600 square feet, and there's also approximately 700 square feet of shell space available, perfect for storage or a private office. The building's location in Worcester County makes it easily accessible. While the building also features seven residential units on the second floor, this listing focuses solely on the three available commercial suites on the ground level. The property is well-suited for a local retailer, barber/salon, coffee shop/cafe, or private workout studio. The adaptable space allows for customization to meet your specific business requirements. Contact us today to learn more about this exceptional retail opportunity in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,089,108
    6.5%
    $1,928,408
    7%
    $1,790,664
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,651,020
    Geo Method
    $1,651,020
  • Alternative Use

    Use
    Valuation
    Residential
    $2,391,226
    Hospitality
    $2,190,350
    Educational
    $1,822,345
    Medical
    $1,885,018
    Retail
    $2,834,759
98 Canal St, Blackstone, Massachusetts

Location Insight

City
Blackstone
County
Worcester
State
Massachusetts
Latitude
42.0172
Longitude
-71.5392
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,204
$88,800
$413,600
$502,400
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-
-
-

FAQs

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