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29 E Mountain St 23,790 SF 100% Leased Office Building Worcester, MA 01606 $3,750,000 ($157.63/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Elevator
  • Sprinklers
  • Solar Panels

EXECUTIVE SUMMARY

2 Story Commercial Building featuring ample off street parking, fully handicap accessible with 3 stop elevator, solar panels, sprinklers and new rubber roof installed in 2015. This building provides great flexibility between the two main floors as well as a lower sub grade floor. Currently the building is designed with 6 offices suites - 5 located on the 1st floor and 1 long-term state-funded agency that occupies the 2nd floor. The lower level (below grade) is also partially finished providing a large training room featuring its own kitchenette and bathroom in addition to 2 other conference room areas. Immense storage space in the unfinished areas of the lower level. The building is state approved for state funded agencies. Located minutes from routes: 290, 190, and 12 as well as Umass Medical Campus, Downtown, and Quinsigamond College. The building is currently situated on over 10 acres of land. Approximately 8.5 acres are being split off and available for purchase separately.

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,790 SF
Building Class
B
Year Built
1990
Price
$3,750,000
Price Per SF
$157.63
Cap Rate
7%
NOI
$262,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,895 SF
Slab To Slab
11’
Building FAR
0.05
Lot Size
10.57 AC
Zoning
RL, Worcester
Parking
72 Spaces (3.03 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WORC-000053-000006-000003
Land Assessment
$780,200
Improvements Assessment
$1,448,800
Total Assessment
$2,229,000
  • Listing ID: 34048395

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 29 E Mountain St, Worcester, MA 01606

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