21 Eastern AveWorcester, MA 01605

Property Details for 21 Eastern Ave

Year built

2006

Construction

STEEL FRAME

Lot size

1.51 AC

Property size (Sq ft)

22,742 SF

Zone code

RG-5

Property type

Showrooms

APN

WORC M:01 B:035 L:51+56

APU

WORCM01B035L5156

Description

This exceptional medical office building, located at 21 Eastern Ave in Worcester, MA (01605), offers a range of flexible suite sizes ideal for various medical practices. The property, totaling 22,742 square feet, features multiple tenancies within Worcester County. Individual suites range from a minimum of 406 square feet to a maximum contiguous space of 2,585 square feet, providing options to accommodate practices of all sizes. Two units can be combined to create a larger 2,585 square foot suite with convenient direct outdoor access via the lower level. The building enjoys high visibility and excellent accessibility, with ample parking available for patients and staff. Its strategic location ensures easy access to major transportation routes, enhancing convenience for both clients and employees. This is a prime opportunity to establish or expand your medical practice in a thriving Worcester County location. The property is classified as a medical office building within the Office property type.

• CAP approach

  CAP return

  Valuation

  6%

  $5,527,100

  6.5%

  $5,101,938

  7%

  $4,737,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,488,104

  Geo Method

  $7,488,104

• Alternative Use

  Use

  Valuation

  Residential

  $4,303,676

  Hospitality

  $3,942,144

  Educational

  $3,279,818

  Medical

  $3,392,616

  Retail

  $5,101,938

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2653

Longitude

-71.7906

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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