About 76 Summer St
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.
Features of 76 Summer St
| MLS® # | 73494360 |
|---|---|
| Price | $3,500,000 |
| Square Footage | 40,000 |
| Acres | 2.29 |
| Year Built | 1969 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 76 Summer St |
|---|---|
| Area | Fitchburg |
| City | Fitchburg |
| County | Worcester |
| State | MA |
| Zip Code | 01420-5759 |
Amenities
| Utilities | Public Water, Public Sewer |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Zoning | NB |
|---|
Listing Details
| Agent | Kenneth J. Leva |
|---|---|
| Office | Gibson Sotheby's International Realty |