42 Lake AveWorcester, MA 01604

Property Details for 42 Lake Ave

Year built

1960

Construction

STEEL FRAME

Lot size

0.33 AC

Property size (Sq ft)

8,186 SF

Zone code

BL-1

Property type

Showrooms

APN

WORC M:17 B:012 L:36+37

APU

WORCM17B012L3637

Description

This three-story, 8,168 square foot traditional office building at 42 Lake Ave, Worcester, MA 01604, is offered for sale at $975,000. Built in 1960, the property sits on a 0.33-acre lot and is zoned BL-1. Currently housing two tenants on at-will leases, this presents a compelling opportunity for owner-occupancy or value-add investment. The building features 28 off-street parking spaces and enjoys a highly desirable location near major roadways including Route 9, Route 20, I-290, and I-190, providing easy access to the region's transportation network. Its proximity to UMass Memorial Medical Center's University Campus and UMass Chan Medical School, along with nearby amenities such as restaurants, banks, and shopping centers at Shrewsbury Street, White City Plaza, Lakeway Commons, and Quinsigamond Plaza, further enhances its appeal. This property offers a unique blend of convenience, accessibility, and potential for significant return on investment. The building's multi-tenant occupancy provides immediate cash flow, while the at-will leases offer flexibility for future development and repositioning. This is an exceptional opportunity to acquire a well-located office building in a thriving market.

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2723

Longitude

-71.7595

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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