127 Cambridge StWorcester, MA 01603

Property Details for 127 Cambridge St

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

6,176 SF

Zone code

BL-1

Property type

Retail space

APN

WORC M:08 B:035 L:65-67

APU

WORCM08B035L6567

Description

This exceptional 340-square-foot private office space is available for lease in Worcester, Massachusetts, situated within a larger 7,000-square-foot building in the Webster Square neighborhood. The unit is a single-tenant occupancy within a retail, office, and special purpose property located at 127 Cambridge Street, Worcester, MA 01603. Ideal for a variety of professional uses, including traditional office, executive office, creative office, coworking, or even medical office settings, this versatile space offers significant advantages. Features include a private full bathroom with a stall shower, adding a level of convenience and privacy not often found in comparable spaces. A built-in wet bar equipped with a refrigerator and microwave provides added functionality. The space currently offers two distinct office areas, but its layout allows for flexible reconfiguration to suit individual business needs. All utilities are included in the lease, eliminating the hassle of separate utility bills. This comprehensive package includes heat, hot water, electricity, air conditioning, high-speed internet access, and trash removal. On-site parking is provided for the tenant's convenience, and on-site management ensures efficient building operation and maintenance. This is a rare opportunity to secure a fully equipped, well-located, and hassle-free office space in a thriving Worcester neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,500,984

  6.5%

  $1,385,523

  7%

  $1,286,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,033,530

  Geo Method

  $2,033,530

• Alternative Use

  Use

  Valuation

  Residential

  $1,168,741

  Hospitality

  $1,070,560

  Educational

  $890,694

  Medical

  $921,326

  Retail

  $1,385,523

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2438

Longitude

-71.8259

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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