Business Opportunity at 163 Washngton St, Worcester MA 01610, Worcester
Business Opportunity at 163 Washngton St, Worcester MA 01610, Worcester, photo 2 of 2
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$400,000

163 Washngton St, Worcester MA 01610
Worcester, MA 01610
Listed by Karen Milhem
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1978

About this home

ESTABLISHED ELEVATOR MAINTENANCE COMPANY - 40+ YEARS OF PROVEN SUCCESSThis exceptional elevator maintenance and service company represents a rare opportunity to acquire a highly profitable business with four decades of continuous operation in Worcester, Massachusetts. Family owned and operated since 1985, this union-operated enterprise has built an outstanding reputation serving the commercial and industrial elevator market.FINANCIAL HIGHLIGHTS:• Annual gross revenue: $1,000,000+• Asking price: $400,000• Inventory value of $400,000 included in sale price• Consistent revenue stream built over 40+ years• Strong financial performance with established profitabilityBUSINESS OVERVIEW:This well-established company specializes in elevator maintenance, repair, and service for commercial and industrial clients throughout Worcester County. The business operates with union technicians, ensuring high service standards and technical expertise while maintaining competitive labor practices.KEY STRENGTHS:• Four decades of market presence and reputation• Comprehensive established client base with service contracts• Union-operated workforce providing skilled labor• Complete inventory of parts, tools, and equipment included• Long-term customer relationships generating recurring revenue• Proven operational systems and proceduresINCLUDED IN ACQUISITION:• Complete client list and existing service contracts• All inventory, tools, and specialized equipment ($400,000 value)• Established vendor and supplier relationships• Four decades of operational knowledge and systems• Union workforce agreements and labor contracts• Business name, reputation, and goodwillLOCATION AND MARKET:Based in Worcester, Massachusetts, the company serves a diverse client base throughout Worcester County including office buildings, manufacturing facilities, healthcare institutions, and commercial properties. The business is relocatable, providing operational flexibility for new ownership.GROWTH POTENTIAL:With established client relationships and union workforce in place, new ownership can focus on expanding service offerings and growing the customer base while maintaining the high service standards already in place.

Property details

MLS #
73581173
Property type
Business Opportunity
Subdivision
N/A
Status
Active
Days on market
3
On market date
September 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Jacob Hiatt Magnet
0.55 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
358
Student:teacher ratio
14.3:1
District
Worcester
Middle
Worcester East Middle
0.88 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
781
Student:teacher ratio
13.7:1
District
Worcester
High
Claremont Academy
0.88 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
527
Student:teacher ratio
13.5:1
District
Worcester

Walkability

Blended score for Worcester's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

93
Highly walkable
out of 100
EPA National Walkability Index
17.5 / 20 -- Most walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Worcester, from live MLS data.

On the market 3 days -- 82 fewer days than Worcester's current average of 85 days.
For reference, the median list price across 1,189 active listings in Worcester right now is $349,999.

Mortgage calculator

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Est. monthly payment
$2,559/mo
$80,000 down
$320,000 loan
Principal & interest$2,076
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 3 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.