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
235 Park Ave, Worcester, MA, 01609
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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