Warehouse

1 Jackson St

Listing Price: $550,000

Gross SF
25,448
Price/Gross SF
$21.61
Lot Size
0.12 acres
Year Built
1910
Rentable SF
25,448

Investment Overview

1 Jackson Street is a 25,448 SF historic building originally constructed in 1910. The building is situated in a Qualified Opportunity Zone and less than a mile from the Worcester CBD.

The historic brick structure consists of open floor plans, original wood floors, and steel support beams. The sale includes 6,000 SF of land which has historically been utilized for parking.

Public transit is less than a block away, providing an easy connection to the MBTA Worcester/Framingham Line. This central location is 0.7 miles from the new Polar Park, which will be home to the Red Sox AAA Affiliate starting in 2021.

Each floor measures approximately 45 by 100 feet, ideally dimensions for an apartment conversion. We project a future development of between 25 and 35 apartment units. By utilizing historical tax credits and/or Opportunity Zone tax advantages the savvy developer will generate large returns on this development opportunity.

Tours are by appointment only and may be limited at times due to COVID-19. Offers will be reviewed on a rolling basis.

Investment Highlights

  • In a Qualified Opportunity Zone
  • Less Than a Mile From New Worcester Red Sox Stadium
  • Ability to Redevelop into Residential

Exclusively Listed By

Listing Price: $550,000

Gross SF
25,448
Price/Gross SF
$21.61
Lot Size
0.12 acres
Year Built
1910
Rentable SF
25,448

Investment Highlights

  • In a Qualified Opportunity Zone
  • Less Than a Mile From New Worcester Red Sox Stadium
  • Ability to Redevelop into Residential

Investment Overview

1 Jackson Street is a 25,448 SF historic building originally constructed in 1910. The building is situated in a Qualified Opportunity Zone and less than a mile from the Worcester CBD.

The historic brick structure consists of open floor plans, original wood floors, and steel support beams. The sale includes 6,000 SF of land which has historically been utilized for parking.

Public transit is less than a block away, providing an easy connection to the MBTA Worcester/Framingham Line. This central location is 0.7 miles from the new Polar Park, which will be home to the Red Sox AAA Affiliate starting in 2021.

Each floor measures approximately 45 by 100 feet, ideally dimensions for an apartment conversion. We project a future development of between 25 and 35 apartment units. By utilizing historical tax credits and/or Opportunity Zone tax advantages the savvy developer will generate large returns on this development opportunity.

Tours are by appointment only and may be limited at times due to COVID-19. Offers will be reviewed on a rolling basis.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower