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25 Chester St 16.11 Acres of Commercial Land Offered at $3,250,000 in Worcester, MA 01605

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INVESTMENT HIGHLIGHTS

  • Zoning: RS-7
  • ±16.11 Acres
  • 52,936 SF Building

PROPERTY FACTS Under Contract

Price $3,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Daycare Center
  • Religious Facility
  • Schools
  • Single Family Development
Total Lot Size 16.11 AC
No. Stories 2
Year Built 1960
Zoning RS-7 - RS-7 zoning designation indicates a Residence, Single-Family district, requiring a minimum lot size of 7,000 square feet.

1 LOT AVAILABLE

Lot 21-030-000

Price $3,250,000
Price Per AC $201,738.05
Lot Size 16.11 AC

DESCRIPTION

The property has been most recently used for educational purposes, operating as the Mercy Centre, with many classrooms and support areas, as well as a gymnasium, full-service kitchen, and auditorium. The building has elevator access to all three floors of the building and could be redeveloped for a similar education-related use. Please note that if the property is redeveloped, significant building upgrades will be required to meet current building standard requirements, fire, and life safety requirements, as well as ADA compliance requirements: Current Zoning & Allowed Uses: The property is currently zoned RS-7 by the City of Worcester. Allowed uses “by right” include the following: •Group residence •Family day care home •Day care center •Place of worship •Religious or educational uses •Schools (colleges and/or universities) •Single-family, detached dwelling •Single-family, semi-detached dwelling Should a rezoning be granted by the City of Worcester to increase development potential either by “spot zoning” or “special permit” (ideally to RL-7 or RG-5), the site may potentially accommodate more dense development opportunities such as: •Multi-family dwelling (low-rise and high-rise) •Single-family attached dwellings •Two-family and three-family development

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WORC-000021-000030-000001
Land Assessment
$1,945,100
Improvements Assessment
$4,591,300
Total Assessment
$6,536,400
  • Listing ID: 35537055

  • Date on Market: 4/17/2025

  • Last Updated:

  • Address: 25 Chester St, Worcester, MA 01605

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