105 Merrick St - Medical FOR SALE


Worcester, MA 01609- Institute Park
$695,000 USD
508-868-3765
105 Merrick St, Worcester, MA for Sale
$695,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

105 Merrick St
Worcester, MA 01609
Institute Park


OVERVIEW

105 Merrick St is a 3,577sf office building that was completely renovated and is in excellent condition. The property has most recently been utilized by Spectrum Health Systems, Inc. for behavioral health therapies. The building has a highly attractive historic look on the exterior, while the existing lay out of the building, including numerous private offices and exam rooms, is highly functional and allows for a medical or clinical user to take advantage of the existing infrastructure without substantial additional investment. The first floor is built out with 8 exam rooms, two bathrooms, a primary lobby facing Merrick Street, a secondary lobby access via Sever Street, and a large nurses work station and break area. The second floor consists of five individual offices, two bathrooms, and two conference rooms. With the parcel located at 29-31 Sever St, there is substantial parking with 40+ lined parking spaces. A number of the spaces are utilized by the neighboring properties, providing the potential to capitalize on additional rental income.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,801 SF

ZONING

RL-7

APN/PARCEL ID

WORC-000002-000048-000004C-000004D

ASK ABOUT THIS PROPERTY

Jonah GlickmanNAI Glickman Kovago & JacobsMore Info
508-868-3765

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Jonah GlickmanNAI Glickman Kovago & JacobsMore Info
508-868-3765

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