525 Southbridge StWorcester, MA 01610

For Sale
$1,300,000 View listing
  • Manufacturing properties
  • 12,449 SF

Property Details for 525 Southbridge St

Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.57 AC
Property size (Sq ft)
12,449 SF
Zone code
ML20
Property type
Manufacturing properties
APN
WORC M:07 B:031 L:00018
APU
WORCM07B031L00018

Description

This exceptional 1.34-acre commercial property at 525 Southbridge Street in Worcester, Massachusetts, presents a significant investment opportunity. The site boasts two substantial warehouse buildings, each providing ample space for storage, operations, or a combination thereof. The existing structures offer the potential for interior office space development, allowing for flexible configurations to accommodate a diverse range of business needs. The property's layout is highly adaptable, making it suitable for industrial, warehousing, or mixed-use operations. Its strategic location on Southbridge Street ensures high visibility and significant traffic exposure, benefiting from the area's bustling commercial activity and convenient access to major highways. This combination of size, accessibility, and functionality makes this property an attractive option for businesses seeking a well-positioned facility within Worcester's dynamic commercial corridor. The asking price for this unique opportunity is $1,300,000. The property's size and location offer significant potential for growth and expansion, making it an ideal choice for businesses seeking to establish a strong presence in the Worcester market. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,355,838
    Hospitality
    $2,157,935
    Educational
    $1,795,376
    Medical
    $1,857,122
    Retail
    $2,792,808
525 Southbridge St, Worcester, Massachusetts

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.2475
Longitude
-71.8106
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
$15,386
$133,400
$378,800
$512,200
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-
-
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