Overview Property Details Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Expired

316 Main St, Worcester MA 01608

Commercial Sale

HISTORIC WORCESTER “HIGH RISE” JUST LISTED! Attractively Priced at $82.00 a Sq. Ft..The (6) story Worcester Five Cent Savings Bank Building is an architecturally and historically significant (24,000+) square foot mixed-use office building located in the heart of Worcester’s resurging Central Business District. Advantageously located (1) block from the Worcester District Court House, and within easy walking distance to parking, fine dining, retail and entertainment. Great way to invest in Worcester’s continued downtown resurgence. Downtown office rents are projected to be stable and increasing as recent office building conversions into apartments reduces available office space for lease. Sizable neighborhood redevelopment investments taking place. Property immediately ready for new owner’s actions, as current owner relocated their businesses from the (4th) and (5th) floors on November 1st, and (6th) floor tenant vacancy will occur November 30th. (40%) historic tax credits available

This home has been viewed 58 times

Last Checked: May 7th, 2024 at 1:37am (Source: MLS PIN #73070323)

General Information for 316 Main St, Worcester MA 01608

Listing ID73070323

Property TypeCommercial Sale / Professional/Office

Price$1,990,000

Style

CityWorcester

CountyWorcester

Neighborhood(s)

ZoningBG-6

Year Built1900

Disclosures for 316 Main St, Worcester MA 01608

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsPersonal Belongings

Buyer Agent Compensation2%

Facilitator Compensation2%

Compensation Based On

Contact Information for 316 Main St, Worcester MA 01608

Agent

Name: Scott Dennett

Office

Name: Keller Williams Realty Leading Edge

Phone: 401-333-4900

Exclusive Listing Agent

Keller Williams Realty Leading Edge

Scott Dennett

Agent Phone

Office Phone

(401) 333-4900

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.08 acres (3,580 SqFt)
    [add_date] => 2024-05-07 01:37:15
    [address] => Main St
    [agent] => Array
        (
            [address] => 66 Lynnwood Lane
            [city] => Worcester
            [id] => CN213867
            [name] => Scott Dennett
            [national_association] => 453012996
            [office] => AN8160
            [state] => MA
            [zip] => 01609
        )

[apod_available] => Array
        (
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 0
    [approx_lot_size_acres] => 0.08
    [approx_lot_size_sqft] => 3580
    [assessed_value] => $0
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 0
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2%
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => Professional/Office
        )

[c_type] => Array
        (
            [0] => Commercial Sale
        )

[cap_rate] => 
    [city] => Worcester
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Worcester
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => HISTORIC WORCESTER “HIGH RISE” JUST LISTED! Attractively Priced at $82.00 a Sq. Ft..The (6) story Worcester Five Cent Savings Bank Building is an architecturally and historically significant (24,000+) square foot mixed-use office building located in the heart of Worcester’s resurging Central Business District. Advantageously located (1) block from the Worcester District Court House, and within easy walking distance to parking, fine dining, retail and entertainment. Great way to invest in Worcester’s continued downtown resurgence. Downtown office rents are projected to be stable and increasing as recent office building conversions into apartments reduces available office space for lease. Sizable neighborhood redevelopment investments taking place. Property immediately ready for new owner’s actions, as current owner relocated their businesses from the (4th) and (5th) floors on November 1st, and (6th) floor tenant vacancy will occur November 30th. (40%) historic tax credits available
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Personal Belongings
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2%
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 01:37:15
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73070323
    [neighborhoods] => 
    [net_income_calc] => -37870
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 
    [office] => Array
        (
            [id] => AN2275
            [name] => Keller Williams Realty Leading Edge
            [phone] => 401-333-4900
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 1990000
    [price_per_sqft] => 0
    [price_per_unit] => 1990000
    [private_pool] => 
    [property_sub_type] => Array
        (
        )

[real_estate_tax] => 37870
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 0
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Expired
        )

[street_number] => 316
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2022
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 37870
    [total_gross_income] => 0
    [total_parking] => 0
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 
    [unit_1_bedrooms] => 
    [unit_1_floor] => 
    [unit_1_lease] => Array
        (
        )

[unit_1_levels] => 
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 
    [unit_2_bedrooms] => 
    [unit_2_floor] => 
    [unit_2_lease] => Array
        (
        )

[unit_2_levels] => 
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 316 Main St, Worcester MA 01608
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[year_built] => 1900
    [year_built_details] => 
    [year_built_source] => 
    [year_renovated] => 
    [zip] => 01608
    [zips] => 
    [zoning] => BG-6
    [zoning_details] => Legal Conforming
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/330913/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=12
            [12] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=13
            [13] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=14
            [14] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=15
            [15] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=16
            [16] => https://media.mlspin.com/photo.aspx?mls=73070323&w=1024&h=768&n=17
        )

[raw] => 
)

EXIT

15 More Photos