Exciting Development Opportunity in the Heart of Worcester! This 1.43-acre industrial property offers major potential for redevelopment or adaptive reuse. Centrally located near downtown and area colleges, with frontage on three streets, it features a large single-story warehouse with a 15-ft overhead door and 3 additional drive-in doors. Utilities include water, sewer, natural gas, and 3-phase power. Off-street parking and yard storage enhance the property's value. Subdivision potential (buyer to verify). The City of Worcester has expressed interest in partnering with visionary investors to help realize the site’s full potential, whether industrial or housing development, buyer to perform due diligence on all permitted uses.
119 Dewey St, Worcester, MA, 01610
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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