Warehouse

26 Cambridge Street

26 Cambridge St, Worcester, MA 01603

Listing Price: $665,000

Gross SF
21,832
Price/Gross SF
$30.46
Lot Size
0.75 acres
Year Built
1920
Rentable SF
21,832

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 26 Cambridge Street in Worcester, MA. The 21,832 SF building is currently home to two tenants, Accra Supermarket, which occupies about 11,372 SF of first floor space, and 3Cross Brewery, which occupies 5,500 SF in the lower level of the building. The remaining 4,960 SF of lower level space is vacant.

Originally constructed in 1920, the building has undergone extensive renovations throughout the years as it has been converted to a variety of different uses. Both the upper and lower level suites have private, drive-in loading doors. All spaces are well suited to retail, industrial and storage uses.

Along with street parking, there are +/- 60 parking spaces including 3 Nixon Ave, an adjacent lot, which is also included in the offering. The property can be accessed from Nixon Ave.

26 Cambridge is ideal for an investor looking for a value-add opportunity in a high traffic area in the city of Worcester. With two tenants on short term leases paying well below market rate rent, an investor will add significant value by upgrading the rent roll.

Investment Highlights

  • Ample Parking with +/- 60 Spaces
  • Strong Value-Add Investment Opportunity with Ability Upgrade Rent Roll
  • Pro-Forma Cap Rate of 12.94%

Exclusively Listed By

Listing Price: $665,000

Gross SF
21,832
Price/Gross SF
$30.46
Lot Size
0.75 acres
Year Built
1920
Rentable SF
21,832

Investment Highlights

  • Ample Parking with +/- 60 Spaces
  • Strong Value-Add Investment Opportunity with Ability Upgrade Rent Roll
  • Pro-Forma Cap Rate of 12.94%

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 26 Cambridge Street in Worcester, MA. The 21,832 SF building is currently home to two tenants, Accra Supermarket, which occupies about 11,372 SF of first floor space, and 3Cross Brewery, which occupies 5,500 SF in the lower level of the building. The remaining 4,960 SF of lower level space is vacant.

Originally constructed in 1920, the building has undergone extensive renovations throughout the years as it has been converted to a variety of different uses. Both the upper and lower level suites have private, drive-in loading doors. All spaces are well suited to retail, industrial and storage uses.

Along with street parking, there are +/- 60 parking spaces including 3 Nixon Ave, an adjacent lot, which is also included in the offering. The property can be accessed from Nixon Ave.

26 Cambridge is ideal for an investor looking for a value-add opportunity in a high traffic area in the city of Worcester. With two tenants on short term leases paying well below market rate rent, an investor will add significant value by upgrading the rent roll.

Exclusively Listed By

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