140 Goddard Memorial DrWorcester, MA 01603

Property Details for 140 Goddard Memorial Dr

Year built

2013

Lot size

5.33 AC

Zone code

A-1

Property type

Parking lots & garages

APN

WORC M:56 B:010 L:0003A

APU

WORCM56B010L0003A

Description

This exceptional 20,000-square-foot industrial property, located at 140 Goddard Memorial Drive in Worcester, Massachusetts, presents a significant opportunity for businesses seeking versatile space. The property boasts a single-tenant occupancy, offering complete control and flexibility. The building's diverse functionality encompasses refrigerated/cold storage, manufacturing, warehouse, and distribution capabilities, making it ideal for a wide range of operations. Situated on a generous 5.33-acre lot, the property provides ample outdoor storage space, perfectly complementing the substantial indoor area. With 522 parking spaces available, employee and visitor parking is never a concern. The property is located in Worcester County, MA, zip code 01603, offering convenient access to major transportation routes. The building is currently vacant, presenting a blank canvas for a tenant to customize the space to their exact specifications. This is a rare opportunity to secure a large, versatile industrial property in a prime location. The property's size and features make it suitable for build-to-suit projects, allowing for tailored design and construction to meet specific business needs. This is an exceptional opportunity for a company seeking a significant footprint in a strategic location.

• CAP approach

  CAP return

  Valuation

  6%

  $56,426,388

  6.5%

  $52,085,896

  7%

  $48,365,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $76,446,352

  Geo Method

  $76,446,352

• Alternative Use

  Use

  Valuation

  Residential

  $43,936,400

  Hospitality

  $40,245,508

  Educational

  $33,483,790

  Medical

  $34,635,348

  Retail

  $52,085,896

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2542

Longitude

-71.8658

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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