Listed by Kelleher & Sadowsky Associates Inc
$8,000,000
520 Park Ave. & 111 Maywood St
Details
Property Type Multifamily, Mixed Use
Sub Type Commercial, Apartment Building
Square Footage 8,558
Units 44
Year Built 1975
Buildings 3
Acreage 7.330
Zoning BG-2.0
Parking Spaces 352 spaces
Parking Per SqFt 41.13
Multifamily | 44 Units
Marketing description
Property Description
Kelleher & Sadowsky Associates, Inc. is pleased to introduce 520 Park Ave and abutting 111 Maywood Street in Worcester, MA. This prime development opportunity is comprised of ±7.33 acres in aggregate, also improved with a ±8,558 square foot automotive service garage that is located along Maywood Street.
Park Avenue has long been known to be one of the more heavily traveled routes in the City of Worcester, providing north to south access along Route 9/Route 12. The site offers many near-by retail amenities, as well as excellent access to many colleges and universities; with Clark University, Worcester Polytechnic Institute MCPHS University and The College of the Holy Cross in closest proximity to the subject property. The land is currently zoned BG-2.0, allowing for a myriad of uses including retail, residential and office related development, a perfect site for a mixed-use development project, car dealership, graduate student housing, senior living, etc.
The property is located minutes from Downtown Worcester and all major thoroughfares (I-90, I-190, I-290, and Route 146).
Location Description
Discover the vibrant potential of Worcester, MA, an area rich with opportunity for savvy office building investors. Located in the heart of Massachusetts, the area surrounding this property offers convenient access to major highways and public transportation, making it an ideal location for businesses. Nearby, the Worcester Art Museum and Hanover Theatre provide cultural enrichment, while popular dining and retail destinations like Shrewsbury Street and The Shoppes at Blackstone Valley offer plenty of amenities for employees. With a thriving economy and a supportive business community, the location presents a compelling opportunity for office investors looking to capitalize on the growth of this dynamic city.
Listing Contacts
Listed by Kelleher & Sadowsky Associates Inc
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