4 Quinsigamond AveWorcester, MA 01608

  • Other commercial real estate
  • 44,516 SF
For Lease
$5.95/SF/YR View listing

Property Details for 4 Quinsigamond Ave

Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.31 AC
Property size (Sq ft)
44,516 SF
Zone code
MG-2
Property type
Other commercial real estate
Property subtype
Showrooms
APN
WORC M:05 B:012 L:16-21
APU
WORCM05B012L1621

Description

This exceptional Worcester County warehouse offers 16,000 square feet of immediately available space within a larger 44,416 square foot building. Boasting a convenient location with easy access to Routes 146 and 290, this property is situated near Worcester's Polar Park, the Canal District, and Kelly Square, benefiting from the surrounding new development. The building features 14' to 16' ceiling heights, providing ample vertical space for various industrial uses. Loading is facilitated by two dock-high doors and one drive-in door, ensuring efficient goods movement. The property is equipped with three-phase, 480V power, suitable for a range of industrial operations. This multi-tenant building is zoned MG-2.0, and its rich history as the former home of the Worcester Lunch Car Company adds a unique character to this already desirable location. The available space presents a significant opportunity for businesses seeking a well-connected and spacious warehouse in a thriving urban environment. This is a rare opportunity to lease space in a historically significant building with modern functionality and excellent access to major transportation arteries. Contact us to learn more about this exceptional property and its potential to meet your business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,818,942
    6.5%
    $9,986,716
    7%
    $9,273,379
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,657,481
    Geo Method
    $14,657,481
  • Alternative Use

    Use
    Valuation
    Residential
    $8,424,168
    Hospitality
    $7,716,493
    Educational
    $6,420,032
    Medical
    $6,640,826
    Retail
    $9,986,716
4 Quinsigamond Ave, Worcester, Massachusetts

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.2531
Longitude
-71.8067
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$69,900
$509,300
$1,817,600
$2,326,900
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-
-
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