Attention builders and developers—don’t miss this versatile development opportunity. This BL-1 (Business Limited) zoned, sloped lot allows for both residential and non-residential uses, offering exceptional flexibility for future development. With appropriate site work and permitting, potential uses may include a single-family home, multifamily, general or retail office, food service, and more. A survey has been completed and is available upon request. The property offers frontage on both Gediminas Street and Millbury Street; however, access from Millbury Street would require MassDOT approval. City water and city sewer are available on Gediminas Street. Conveniently located with easy access to Route 290 and other major roadways.One or more of the property owners is a licensed real estate professional.
3A Gediminas, 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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