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    589 Park Ave Worcester, MA 01603

    For Lease
    $15 SF/Yr

    Commercial Lease - Worcester, MA

    Lot size:
    0.57 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 589 Park Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BG-2
    APN
    M:08 B:016 L:00013,1769929
    Lot size
    0.57 Acres

    Building Details

    Year built
    1945
    Architectural style
    Other

    Pinnacle Central LLC DBA Keller Williams Pinnacle Central (508) 754-3020 [email protected]

    Listing agent Klaudia Dang (508) 754-3020

    Listing date Nov 18, 2025

    MLS# 73455220 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Space in Worcester

    This commercial space in Worcester, Massachusetts, offers over 2,500 sq. ft. of versatile space suitable for a variety of business needs, including retail and office applications. The property benefits from a prime location on Park Ave, providing high visibility and excellent foot traffic. The expansive layout includes multiple office rooms suitable for private workspaces or meeting areas, along with a large warehouse space in the rear for ample storage and operational use. The property also features three bathrooms for the convenience of staff and customers. An overhead door provides access, ideal for deliveries and inventory management. The BG-2 zoning supports a range of potential business uses. The property is situated on a 0.57-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tumbao Latin Dance Dance School Rand Market Grocery Store Flamenco Worcester Dance School Timeless Treasures Thrift Store Quest Archery LLC Archery Range

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.831865
    Latitude
    42.248832

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    FAQs

    What type of property is this?
    Retail space - Spacious retail unit with office and warehouse potential.
    Where is this retail space located?
    The property is located at 589 Park Ave Worcester, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: High visibility on Park Ave with excellent foot traffic.; - Expansive Layout: Over 2,500 sq. ft. of versatile space for retail, office, and warehouse use.; - Large Warehouse Space: Ample storage and operational space in the rear.
    (508) 754-3020
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    589 Park Ave Worcester, MA 01603
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    Worcester, MA 01603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    589 Park Ave Worcester, MA 01603
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