Massachusetts
Worcester
166 Shrewsbury Street

$1,295,000

166 Shrewsbury Street, Worcester, MA 01604

Commercial Property
Built in 1968
3,485sqft lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

Business is negotiable! Furniture, fixtures, equipment and first floor business can be purchased for $200,000. This stunning commercial building offers a unique blend of business and residential spaces. It features three distinct units, including a ground-level restaurant and two second story apartments. Nestled in the heart of a vibrant business district, the location ensures excellent visibility and foot traffic. Its prime position within the sought-after restaurant row adds to its appeal. The space is very versatile and may be used as retail or office in the future. It’s an ideal investment for those looking to capitalize on a thriving area. The building currently brings in $65,000 annual income, based on modified gross lease. The two apartments are currently unfinished. Permits will need to be obtained and will require a sprinkler system to be installed.

Listing Status:: Active
Listing Office:: RE/MAX Partners : 508-635-1600
Listing Agent:: James Kalogeropoulos : 508-635-8259
MLS ID:: 73329618

Roofing: Rubber

This listing courtesy of James Kalogeropoulos, RE/MAX Partners

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

City View

80 Prospect St, Worcester, MA, 01605

Grades PK-6

0.20 miles away

Worcester East Middle School

420 Grafton St, Worcester, MA, 01604

Grades 7-8

0.91 miles away

Worcester Technical High School

1 Skyline Dr, Worcester, MA, 01605

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.