$1,850,000
$2,095,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
0.82 Acres Lot
SOLD DATE : 01/22/2025
Key Details
Sold Price $1,850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 73266745
Sold Date 01/22/25
HOA Y/N false
Year Built 1920
Annual Tax Amount $6,274
Tax Year 2024
Lot Size 0.820 Acres
Acres 0.82
Property Description
CALLING ALL INVESTORS - Whether you are a seasoned investor looking to add to your portfolio, or you are looking for a great foundational piece to your business, this is the opportunity for you! The building consists of over 5000Sq ft of office/medical space, currently occupied by a medical facility, with a lease running through the end of 2031. Cap rate is 7%. Lease payments go up 2.5% each year increasing NOI. New parking lot 2018. New Roof. Tenant about to undertake considerable upgrades to the interior with a renovation at their expense. Floor plans attached. Reach out for additional info!
Location
State MA
County Worcester
Zoning I
Direction Use GPS.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Asphalt/Composition Shingles,Rubber
Total Parking Spaces 60
Others
Senior Community false
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Bought with Eric A. O'Brien • O'Brien Commercial Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "