Greater Boston Real Estate

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$8,995,000
18 Days On Site

123 Confidential St
Worcester, MA 01603

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
15,242
SqFt
$590
/SqFt
1970
Built
County:
Worcester
Call Now: 508-466-4615
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508-466-4615
123 Confidential St123 Confidential St123 Confidential St123 Confidential St
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Monthly Payment (Est.)

$41,039
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Rarest of rare - fully rented rest home with 12%++ returns in desirable Worcester market 45 minutes West of Boston. Existing 60-licensed-bed (31 room) Assisted Living Residence/Rest Home located in Central Massachusetts. This offering includes both the business and the real estate. The site consists of approximately 0.70 acres, improved by a one-story sprinklered building totaling over 15,000 square feet. The rest home is currently self-managed by the business and real estate property owner. The business can be transferred with management staff in-place. Site is highly visible with easy access to public transportation. In addition to the 60 beds spread across 31 units, the property includes on-site laundry, kitchen, dining room, and a courtyard. The business generates approximately $4,000,000 of gross income with typical net income of approximately $1,300,000. Disclaimer: Some images have been lightly edited.

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Listing Snapshot
Price 
$8,995,000
Days On Site 
18 Days
Bedrooms 
N/A
Inside Area (SqFt) 
15,242 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.69 Acres
Year Built 
1970
MLS® Number 
73356282
Status 
Active
Property Tax 
$34,212
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
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What's This?
Private
Recent Activity
2 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.69
Disclosures 
Taxes and S F approximate. Address and financials available via signing an N D A - please ask for access. Zoning code comes from public record,no representation made.
Parking Spaces 
24
SqFt Total 
15242
Zoning 
RG-5
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Listing courtesy of Todd Glaskin of Coldwell Banker Realty - Newton



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Last checked 2025-04-26 09:49 PM UTC

Neighborhood & Commute
Source: Walkscore
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