152 Russell St - Office/Residential FOR SALE


Worcester, MA 01609- Institute Park
$795,000 USD
508-841-6212
152 Russell St, Worcester, MA for Sale
$795,000 USD
Office/Residential - FOR SALE
1/10
null | Request Cap Rate

152 Russell St
Worcester, MA 01609
Institute Park


HIGHLIGHTS

  • SF: 4,251
  • Zoning: BL-1.0
  • Heat: Natural Gas
  • Year Built: 1930
  • Parking: Off Street, Garage

OVERVIEW

Kelleher & Sadowsky is pleased to present 152 Russell Street for sale, a rare opportunity to acquire a well-located and highly visible mixed-use property in Worcester. Situated in a convenient and well-established area, this property combines strong accessibility, ample street exposure, and flexible zoning that supports a wide range of potential uses. The building, zoned BL-1.0 (Business, Limited), allows for a variety of professional, medical, office, and residential applications making the property attractive to both owner-occupants and investors interested in stable, income-producing real estate with upside potential. Currently configured with a professional office on the first floor - the long-time home of the optometrist occupying the space - and two residential apartments on the upper levels, the property offers an ideal mixed-use setup. The residential units provide steady income, while the ground floor space can be re-leased or owner-occupied, presenting multiple strategic options for a new buyer. Containing approximately 4,251 sq. ft. of gross rentable area, the property is well-suited for continued medical, office, or service-oriented use, or could be repositioned for alternative professional businesses. This versatile, income-producing property is perfect for a professional practice, owner-user, or mixed-use investor. For additional details or to schedule a private tour of 152 Russell Street, please contact us today.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BL-1.0

APN/PARCEL ID

WORC-000002-000041-000060

ASK ABOUT THIS PROPERTY

Chris NaffKelleher & Sadowsky Associates, Inc.More Info
508-841-6212

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Chris NaffKelleher & Sadowsky Associates, Inc.More Info
508-841-6212

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