1 Mercantile StWorcester, MA 01608

Property Details for 1 Mercantile St

Year built

2012

Construction

STEEL FRAME

Lot size

0.93 AC

Property size (Sq ft)

177,248 SF

Zone code

BG-6

Property type

Office buildings

APN

WORC M:02 B:23B L:0000H

APU

WORCM02B23BL0000H

Description

This prestigious seven-story, Class A office building at 1 Mercantile Street in downtown Worcester, MA offers 214,000 square feet of executive office space. Built in 2012, this LEED Silver certified building boasts a modern design and sustainable features. Multiple suites are available, ranging from 1,696 to 25,000 contiguous square feet, with a total of 107,301 square feet currently vacant. The property includes a newly renovated 860-car parking garage, providing ample parking for tenants and visitors. Its central location in Worcester's thriving business district offers easy access to major New England cities, making it ideal for businesses seeking relocation or expansion. The building's flexible zoning accommodates a variety of industries, and its modern amenities cater to a talented workforce. This exceptional property presents a unique opportunity for businesses seeking a prime location in a dynamic urban setting. The building is situated in Worcester County, MA, zip code 01608.

• CAP approach

  CAP return

  Valuation

  6%

  $29,304,388

  6.5%

  $27,050,206

  7%

  $25,118,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,159,224

  Geo Method

  $23,159,224

• Alternative Use

  Use

  Valuation

  Residential

  $33,542,254

  Hospitality

  $30,724,524

  Educational

  $25,562,444

  Medical

  $26,441,576

  Retail

  $39,763,800

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2632

Longitude

-71.7976

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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