73 Southgate St - Retail FOR SALE


Worcester, MA 01603- South Worcester
$753,000 USD
508-713-2212
73 Southgate St, Worcester, MA for Sale
$753,000 USD
Retail - FOR SALE
1/48
null | Request Cap Rate

73 Southgate St
Worcester, MA 01603
South Worcester


OVERVIEW

Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.

FOR SALE DETAILS

PRICE

$753,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

BL-1

APN/PARCEL ID

WORC-000007-000023-000001

ASK ABOUT THIS PROPERTY

John MulryanLamacchia RealtyMore Info
508-713-2212

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John MulryanLamacchia RealtyMore Info
508-713-2212

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