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$ 2,400,000
Est. payment /mo
Active
709 Main St Worcester, MA 01610
10,668 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,668 sqft
Price per Sqft $224
MLS Listing ID 73463479
HOA Y/N false
Year Built 1920
Annual Tax Amount $26,459
Tax Year 2025
Lot Size 0.330 Acres
Acres 0.33
Property Description
MASSIVE CORNER LOT PACKAGE SALE in Downtown Worcester! Two adjoining corner parcels. 14,200+ SF of land. Offered at just $169 per SF of land. Underwritten at a POWERFUL 11.5% PRO FORMA CAP RATE ACROSS BOTH LOTS. 703–711 Main St is extensively renovated. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and a beloved neighborhood 14-chair barbershop producing $117,600 with clear upside.The entire second floor was COMPLETELY GUT RENOVATED IN 2025. 14 giant bedrooms. 3 kitchens. 3 full baths. 100% new HVAC, plumbing, and electrical. Approved rooming house license in place! Projected residential income of $184,800 annually. This is true income-producing urban infill in the heart of downtown Worcester. Immediate yield. Efficient basis. Long-term redevelopment and density upside. Assets like this almost never come to market. Move quickly.
Location
State MA
County Worcester
Zoning BG-3
Direction Located at the corner of Main Street and Charlton Street in downtown Worcester
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
Listed by Bridgemont Realty LLC