120 Stafford StWorcester, MA 01603

Property Details for 120 Stafford St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.29 AC

Property size (Sq ft)

47,102 SF

Zone code

BL-1

Property type

Super regional malls

APN

WORC M:15 B:031 L:00020

APU

WORCM15B031L00020

Description

This exceptional Worcester, MA office property at 120 Stafford Street offers a variety of flexible spaces ideal for businesses of all sizes. The two-story building, constructed in 1991, boasts a total of 46,302 square feet and features both traditional office spaces and coworking options. Multiple tenancy is available, with units ranging from a minimum of 60 square feet to a maximum contiguous space of 2,800 square feet. The building comprises six suites in total, situated on a 2.29-acre lot with convenient access via a signalized intersection at Curtis Parkway. The property benefits from high visibility signage and a prime location across from a CVS pharmacy. Ample parking is provided with 165 spaces available for tenants and visitors. Building amenities include elevators. The property is zoned BL-1.0. This well-maintained building presents a fantastic opportunity for businesses seeking a strategic location with excellent visibility and convenient amenities in the heart of Worcester. The property is professionally managed.

• CAP approach

  CAP return

  Valuation

  6%

  $11,447,430

  6.5%

  $10,566,859

  7%

  $9,812,083

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,508,955

  Geo Method

  $15,508,955

• Alternative Use

  Use

  Valuation

  Residential

  $8,913,541

  Hospitality

  $8,164,756

  Educational

  $6,792,980

  Medical

  $7,026,602

  Retail

  $10,566,859

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2395

Longitude

-71.8444

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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