4 Dean St, Worcester, MA 01609
5,900 SF | 100% Leased | Flex Building | Worcester, MA 01609 | $1,980,000 ($336/SF) | 6.97% Cap Rate
For Sale
Active
Asking Price $1,980,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Industrial
- Price / Square Foot
- $336
Listing Contacts
Karynsue Marchione-Reilly
Property Overview
High Revenue Generated Income Property! This Rare Commercial/Residential Mixed Use Property is in the WPI Location and close to WSU, Assumption College, MCPH, (College Central), Courthouse and Union Station-Train Station. All Major Rtes. 290, 190, Rte 20, 146 &122 as well as Worcester Airport operated by Mass Port. A very well maintained 4 unit- the property currently generates $120,792.00 with an additional income available from a finished office space in lower level that is carpeted, HVAC, plastered walls and full tiled bathroom. The Commercial unit is leased by a Dental Office on 64 Highland Street with 3 yrs. remaining on the lease and an option to renew the Dental Office Lease. All 3 apartments are leased (TAW) and have wonderful tenants. Location is on the corner of Highland and Dean Street, Location is everything!!!
Property Details
- Class
- C
- Year Built
- 1914
- Stories
- 3
- Property Subtype
- Flex, Showroom, Storefront Retail/Residential, Medical, Office/Residential
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- HEAVY DAY TIME TRAFFIC COLLEGE CENTRAL WPI -MCPH- WSU-ANNA MARIA COLLEGE-TUFTS-
- CENTRAL BUSINESS DISTRICT-DOWNTOWN- UNION STATION TRAIN STATION-POLAR PARK- UMASS MEDICAL-COURTHOUSE
- HIGHLAND STREET VERY POPULAR STREET IN WORCESTER-CORNER OF MAIN STREET AND PARK AVENUE
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