42 Lake Ave
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42 Lake Ave
8,168 SF 100% Leased Office Building Worcester, MA 01604 $975,000 ($119/SF)
Investment Highlights
- 28-space off-street parking
- Minutes from White City Plaza
- Across from UMass Memorial & UMass Chan Medical School
Executive Summary
Drew Higgins & Brian Johnson of Kelleher & Sadowsky are pleased to introduce the availability of 42 Lake Avenue, Worcester, Massachusetts as available for sale. The ±8,186 square foot building offers three floors of professional office space with a 28-space off-street parking lot. The property is conveniently located on Lake Avenue near Route 9 and Route 20, providing access to I-290 and I-190. In addition, the property is within a 5-minute drive of area amenities that include restaurants, banks & shopping along Shrewsbury Street, White City Plaza, Lakeway Commons and Quinsigamond Plaza. 42 Lake Avenue, Worcester is located across from the UMass Memorial Medical Center’s University Campus and the UMass Chan Medical School. There are currently two tenants in the building on an at-will basis, making this a great owner-occupant opportunity for a growing business or a value-add opportunity for an investor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,168 SF
Building Class
B
Year Built
1960
Price
$975,000
Price Per SF
$119
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
2,723 SF
Slab To Slab
12’
Building FAR
0.57
Lot Size
0.33 AC
Zoning
BL-1
Parking
30 Spaces (3.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | WORC-000017-000012-000036-000037 | Improvements Assessment | $523,100 |
Land Assessment | $230,100 | Total Assessment | $753,200 |
PROPERTY TAXES
Parcel Number
WORC-000017-000012-000036-000037
Land Assessment
$230,100
Improvements Assessment
$523,100
Total Assessment
$753,200
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42 Lake Ave
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