Office for Sale in Worcester, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Worcester, MA 01603
  • Year built: 1900

Description

41 Fremont includes 72,820 SF of office and industrial space located in the heart of Worcester, MA. The building includes 6,500 SF of lab space that was built out in 2023, 1,400 SF of finished office space and 46,660 SF of first floor warehouse space. Occupancy is flexible making this ideal for an owner occupant of value-added investor. Current ownership replaced a significant portion of the roof, brought life safety systems to code, subdivided warehouse spaces and built out a class A cannabis testing laboratory. The sale includes 51 spaces located across Fremont Street. This 100+ year old building may qualify for the Historic Tax Credit program, providing rebates of up to 40% of qualified construction costs. Worcester is one of the fastest growing cities in New England. With direct rail access to Boston, 2,000+ residential units under construction, two major hospitals and top colleges, including Worcester Polytechnic Institute, the city is posed for continued success. Fremont Street is a rapidly evolving industrial district seeing an influx of mixed use and creative uses. Investment Highlights: • Building Benefits from Substantial Recent Renovations • Includes Ample Parking, Elevator, and Functional Loading • Attractive Office and Lab Space Ready for Owner Occupier or Tenant

Market Context

This office in Worcester, MA is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1900. It has been on the market for 68 days. Compare it against other office listings for sale in Worcester, MA — <a href="/search/sale/office/massachusetts/worcester">view the full market</a>.

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