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$ 3,600,000
Est. payment | /mo
40,000 SqFt
$ 3,600,000
Est. payment | /mo
40,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 40,000 sqft
Price per Sqft $90
MLS Listing ID 73494360
HOA Y/N false
Year Built 1969
Annual Tax Amount $47,797
Tax Year 2025
Lot Size 2.290 Acres
Acres 2.29
Property Description
Value-Add Multi-Tenant Office Investment with projected $500,000 Stabilized NOI. 76 Summer Street in Fitchburg MA presents a compelling opportunity to acquire a four-story, elevator-served multi-tenant office building offering strong in-place income with significant upside through strategic leasing and asset management. The property features approximately 55,000 square feet of gross building area and approximately 40,000 square feet of net rentable space, situated on 2.29 acres with ample on-site parking and flexible suite configurations. Currently configured as a 68-suite professional office asset, the property accommodates a diverse tenant base ranging from small professional users to larger full-floor occupants. Suite sizes can be subdivided from approximately 94 square feet to 11,000 square feet, allowing the building to support a broad range of tenant requirements and enhancing leasing flexibility.
Location
State MA
County Worcester
Area Fitchburg
Zoning NB
Direction rte 12 to harvard to summer
Exterior
Utilities Available Public Water, Public Sewer
Others
Senior Community false
Listed by Gibson Sotheby's International Realty