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482 Park Ave
Worcester, MA 01603 Columbus Park-Worcester

$795,000 USD

Storefront Retail Residential For Sale • 2,333 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 2,986 SF
Lot Size 0.12 AC
Building Class B
Year Built 1920
Cap Rate 7.00 %
Tenancy Multiple
Zoning BG-3

39 Transit Score

83 Walk Score

                
                    Highlights
                
                                Heavy Traffic Day and Night
                            
                                Off-Street Parking 
                            
                                Major renovations in 2019-2024
                            
                                i.e. HVAC, Electric, Roof, Windows, Back Deck/stairs/concrete for 2nd fl apt.

Property Flyers

Brochure

Financial Summary (Actual)

Net Operating Income: $52,426 USD (2024)

Cap Rate:	7.00 %
Total Expenses:	$16,634 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Asian Island	1,000 SF
Kisoro	1,000 SF

Amenities

Bus Line
Signage
Signalized Intersection

Public Transportation

Commuter Rail	Drive	Walk	Distance
Worcester Union Station (Lake Shore Limited - Amtrak)	4 min	-	2.1 mi
Worcester (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	5 min	-	2.2 mi
Airport	Drive	Walk	Distance
Worcester Regional	11 min	-	5.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Brandon O'Neal 774-287-7398 Coldwell Banker Commercial NRT

482 Park Ave Worcester, MA 01603 Columbus Park-Worcester