4 Quinsigamond AveWorcester, MA 01608

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,421,000

  6.5%

  $7,773,240

  7%

  $7,218,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,049,120

  Geo Method

  $6,049,120

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,158,600

  Mixed-Use / Specialty

  $7,745,520

  Hospitality / Lodging

  $5,682,640

  Office

  $7,699,510

  Institutional / Educational

  $8,052,220

  Residential Income

  $9,421,100

  Multifamily

  $11,299,200

  Automotive / Energy

  $6,901,900

  Parking / Income-Based Land

  $2,381,760

  Restaurant / Food Service

  $4,028,510

  Healthcare / Senior Housing

  $7,942,890

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

FAQs

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