554 Main St
Worcester, MA 01608
Office Property For Sale

FOR INFORMATION REGARDING THIS PROPERTY, PLEASE CONTACT TOM CARROLL: TCarroll15@yahoo.com. Thee Information provided is in development. Interested parties are to verify all measurements and information to satisfy themselves.Thank you. Site is a mid-block, downtown CBD. Built around 1896 as an Office and Retail building (actual effective age is 10-15 years in good functioning condition). This is a approximately 63,374 +/- S.F. Five Story building with 13,326 S.F. unfinished (but clean) Basement used primarily for file storage. The property is 100% owner occupied. All utilities are available and Zoning allows a building 6 times the land area. Large Development projects are under way in the core City.The Exterior finish is STO cement board and brick sidings; carpet, VCT, ceramic tile, and marble floors; drywall and wallpapered walls. Lighting, partitioning and restrooms are adequate and in compliance. HVAC - FHA by gas/FHW (steam) by gas in rear of portion of building/central A/C in approximately 70% of building and 30% IS SLEEVE A/C UNITS. Electrical is 2000 AMPS. Extras: Smoke detectors, wet sprinkler system, emergency lighting, two elevators (1,800 lbs. & 2,500 lbs.); both with 6 stops. Overall functional utility is in good operating condition and the lavatories appear to be handicap accessible. Site Improvements: Minimal, majority of site covered by footprint of the building. Parking spaces on site: None. The current owner has a contract with the City for use of up to 200 spaces in the adjacent parking structure at $67.00 per month, per space used (See attached Parking Agreement). The building and building equipment is in good operating condition and is currently used 100% by the owners Insurance and related business operations. The property continues to be evolving with continuous updating to accommodate the changing business environment. Current Owner User operates its National Headquarters and includes its call center, teaching and learning center and equipped with all updated electronic, electrical and plumbing improvements. NOTE: Condition of the property and building is favorable condition to current owner user. All Square Feet noted within this document and or presentation is estimated and not guaranteed. Buyers and Users to verify Square Feet and building condition before entering a contract. Building offered in The AS-IS and Where-Is condition and place. No guarantees or Warranties, implied or otherwise, written or verbal are included..