64 Highland St - Office/Residential FOR SALE


Worcester, MA 01609- Institute Park
$1,980,000 USD
508-410-8464
64 Highland St, Worcester, MA for Sale
$1,980,000 USD
Office/Residential - FOR SALE
1/40
null | 10% Cap Rate

64 Highland St
Worcester, MA 01609
Institute Park


HIGHLIGHTS

  • HEAVY DAY TIME TRAFFIC COLLEGE CENTRAL WPI -MCPH- WSU-ANNA MARIA COLLEGE-TUFTS-
  • CENTRAL BUSINESS DISTRICT-DOWNTOWN- UNION STATION TRAIN STATION-POLAR PARK- UMASS MEDICAL-COURTHOUSE
  • HIGHLAND STREET VERY POPULAR STREET IN WORCESTER-CORNER OF MAIN STREET AND PARK AVENUE

OVERVIEW

High Revenue Generated Income Property! This Rare Commercial/Residential Mixed Use Property is in the WPI Location and close to WSU, Assumption College, MCPH, (College Central), Courthouse and Union Station-Train Station. All Major Rtes. 290, 190, Rte 20, 146 &122 as well as Worcester Airport operated by Mass Port. A very well maintained 4 unit- the property currently generates $120,792.00 with an additional income available from a finished office space in lower level that is carpeted, HVAC, plastered walls and full tiled bathroom. The Commercial unit is leased by a Dental Office on 64 Highland Street with 3 yrs. remaining on the lease and an option to renew the Dental Office Lease. All 3 apartments are leased (TAW) and have wonderful tenants. Location is on the corner of Highland and Dean Street, Location is everything!!!

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

64 Highland Street-

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Residential, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C

APN/PARCEL ID

WORC-000002-000043-000142

ASK ABOUT THIS PROPERTY

Karynsue Marchione-ReillyKarynsue RealtyMore Info
508-410-8464

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Karynsue Marchione-ReillyKarynsue RealtyMore Info
508-410-8464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.