75 Worcester StWorcester, MA 01604

Property Details for 75 Worcester St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.66 AC

Property size (Sq ft)

21,882 SF

Zone code

BG-2

Property type

Showrooms

APN

WORC M:01 B:043 L:0001B

APU

WORCM01B043L0001B

Description

75 East Worcester Street in Worcester, Massachusetts offers a substantial 21,882-square-foot industrial warehouse available for immediate occupancy. This single-tenant property sits on a 28,540-square-foot lot and is ideally suited for warehousing or manufacturing operations. Built in 1965, the building features ceiling heights ranging from 15 to 16 feet 3 inches, providing ample vertical space for storage and operations. Two drive-in doors offer convenient access for loading and unloading. The property boasts 200-amp, 240-volt power. Its strategic location in Worcester provides easy access to major transportation arteries, including Interstates 290, 495, and 90, making it an excellent choice for businesses involved in distribution and logistics. The BG-2 zoning classification allows for a variety of commercial uses, offering flexibility for potential tenants and investors. This property presents a compelling opportunity for owner-occupiers or investors seeking a well-located, functional industrial space in a thriving market. The entire building is currently vacant, allowing for immediate customization to meet specific operational needs. The property's size and features make it suitable for a wide range of industrial applications.

• CAP approach

  CAP return

  Valuation

  6%

  $5,318,090

  6.5%

  $4,909,006

  7%

  $4,558,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,204,938

  Geo Method

  $7,204,938

• Alternative Use

  Use

  Valuation

  Residential

  $4,140,930

  Hospitality

  $3,793,070

  Educational

  $3,155,790

  Medical

  $3,264,322

  Retail

  $4,909,006

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2638

Longitude

-71.7871

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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