235 Park Ave, Worcester, MA, Massachusetts, property flyer

235 Park Ave, Worcester, MA, 01609 | $1,499,000

This landmark property is ready for its next owner. The real estate portfolio consists of three parcels in which consist of, a mixed-use building and generous sized parking lot. The property is well known for St. Cyr by Carbonneau Salon and Spa and one residential apartment (currently occupied until 4-30-2025). The zoning map that follows shows that 235 Park Avenue is entirely located in the BG-3 (General Business) zone, while 31and 35 Hudson Street are primarily located in the RG-5 zone, although the rear of 31 Hudson Street is also in the BG-3zone. The blue line is the boundary between the two zones. The subject is a mixed-use property with supporting parking lots containing retail and residential use. In addition, the site's size suggests it may have redevelopment potential. Buyer to verify information and do due diligence

Features

Utilities: Public Water
Parking: 28-car
Zoning: BG-3

Year Built: 1920
Approx Sq. Feet: 5,964
Acreage: 0.35

Est. Taxes: $22,730
MLS#: 73359500
Website: https://www.raveis.com
/prop/73359500/235parkave_worcester_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Lynn Reed courtesy of OWN IT, A 100% Commission Brokerage Phone: 508-667-4931

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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Is available to meet with you in our office, your home or office, evenings or weekends
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235 Park Ave, Worcester, MA, 01609

$1,499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$1,199,200	$1,199,200	$1,199,200
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.625%	6.000%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.614%	6.739%	6.183%
Monthly Tax Payment	$1,894	$1,894	$1,894
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$6,809	$7,679	$10,120
Total Monthly Payment	$8,828	$9,698	$12,139

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.