376 Chandler StWorcester, MA 01602

Property Details for 376 Chandler St

Year built

1910

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

1,141 SF

Zone code

BL-1

Property type

Retail space

APN

WORC M:14 B:031 L:004+5

APU

WORCM14B031L0045

Description

This versatile freestanding building at 376 Chandler Street in Worcester, MA, presents a unique opportunity for sale or lease. Previously configured as a hair salon, the 0.23-acre property offers a flexible layout adaptable to various service-based businesses. While the existing salon equipment will be removed by the current owner, the existing plumbing infrastructure remains, simplifying renovations for future occupants. This significantly reduces the upfront investment required for customization. The building's location on Chandler Street ensures high visibility and accessibility due to the area's substantial daily traffic volume. A key advantage is the inclusion of six dedicated parking spaces, a valuable asset for both employees and clients. This property offers an excellent chance to establish a new business or expand an existing one in a desirable Worcester location. The asking price is $3,000. The square footage is not currently specified. The property's convenient location and ample parking make it an attractive option for a wide range of businesses seeking a well-situated commercial space. Serious inquiries are encouraged to explore this promising investment or lease opportunity. The property is ready for immediate occupancy, offering a seamless transition for new owners or tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $277,303

  6.5%

  $255,972

  7%

  $237,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,689

  Geo Method

  $375,689

• Alternative Use

  Use

  Valuation

  Residential

  $215,922

  Hospitality

  $197,783

  Educational

  $164,553

  Medical

  $170,213

  Retail

  $255,972

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2628

Longitude

-71.8304

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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