416 Belmont St - Medical FOR SALE


Worcester, MA 01604- Lake Park
$2,399,000 USD
774-272-1112
416 Belmont St, Worcester, MA for Sale
$2,399,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

416 Belmont St
Worcester, MA 01604
Lake Park


HIGHLIGHTS

  • Dedicated off-street parking
  • Direct access to Route 9
  • Close proximity to UMass Chan Medical School, Biotech Park, and the VA

OVERVIEW

Drew Higgins and Brian Johnson of Kelleher & Sadowsky Associates, Inc. are pleased to introduce 416 Belmont Street, Worcester, MA as available for sale. A ±12,915 two-story professional office building, the property boasts highly efficient & flexible floor plates, ribbon windows to provide tremendous natural light, Route 9 visibility and ±30 off-street parking spaces. The property is situated directly across from UMass Memorial Medical Center’s University Campus, UMass Chan Medical School, Worcester VA Clinic, and is near the Biotech Park. There are approximately ±11,000 rentable square feet available for an owner-user with two current lease expiration dates coming in June of 2025. OI Infusion Services recently renewed its lease for a 3-year term and will be in place through July 31, 2028, in ±1,000 square feet on the second floor. The Seller also owns three abutting residential properties (5 Alvarado Ave., 7 Alvarado Ave., and 6 Coburn Ave.), that are also zoned BL-1, that may be considered as part of a portfolio sale. Please give us a call for more information or to schedule a tour!

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

BL-1

APN/PARCEL ID

WORC-000017-000012-000001-000003

ASK ABOUT THIS PROPERTY

Brian JohnsonKelleher & Sadowsky Associates, Inc.More Info
774-272-1112

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Brian JohnsonKelleher & Sadowsky Associates, Inc.More Info
774-272-1112

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