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438 Park Ave, Worcester, MA 01608



Type of Comm.
Lot Size
What an amazing investment opportunity * This mixed-use building has yet to scratch the potential income * Commercial tenant paying $3,000.00 a month gross modified rent * Both residential tenants are tenants at will * Commercial unit has just been renovated by new tenant * Commercial tenant has signed a five-year lease with a five-year option to extend * Third floor apartment has been renovated within the last year * Seller has just recently paved the parking lot in the rear of the building.
Open House
No scheduled Open Houses
Lot Size: 6,155.00
Acres: 0.14
List Price: $749,000
Type: Commercial
Type of Comm.: Commercial
Status: Price Changed
Stories: 3
Buildings: 1
Total Units: 3
Units: 3
Total Sq. Ft.: 3,957
Year Built: 1900
Approx. GLA: 3,957
MLS#: 72962059
Acres: 0.14
Lot Size: 6,155.00
Parking Spaces: 7
Parking Features: 1-10 Spaces
Roof Material: Shingle
Utilities: Public Water, Public Sewer
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $198,100
Assessed Land Value: $73,100
Exchange: No
Gross Annual Expenses: $8,915
Gross Annual Income: $66,900
Taxes: $4,415
Tax Year: 2021
Net Operating Income: $57,985
Book/Page: 35729/157
Sublet: No
Total Assesed Value: $271,200
Zone Description: Legal Conforming
Retail Sq. Ft.: 2,000
Retail Units: 1
Residential Sq. Ft.: 2,000
Residential Units: 2
Disclosure Declaration: No
For Lease: No
Space Available: For Sale
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The listing office is RE/MAX Partners and the listing agent is James Kalogeropoulos. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 5/28/2022 12:35:00 PM.

 RE/MAX Partners   Nicholas Geranios, REALTOR®
RE/MAX Partners
44 Park St • Andover, MA 01810 Map it
Direct:  413-822-6598 • Phone: 413-528-4192 
Cell: 413-822-6598 • Toll Free: 800-839-3299 
Fax: 978-482-3579 
[email protected]

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