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Retail Space with Updated Finishes

1 Rice Sq, Worcester, MA 01604

For Lease
New
$950/Mo

New walls, ceilings, flooring, lighting and bathroom fixtures provide a refreshed interior for retail or office use.

Space SizeContact for details
Days on Market2

Property Features for 1 Rice Sq

General Information

Standard status Active
Property subtype Commercial

Site & Location

Neighborhood Union Hill C.w.a.

Taxes and HOA fees

Annual Taxes $16,843

Building Details

Year Built 1890
Listing Agency: Keller Williams Pinnacle Central
Listed By: Klaudia Dang · License #453003644
Source: Elliman
Added: Nov 8 Last Checked: Nov 8 at 2:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Pinnacle Central

Rey
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Investment Insights

Based on property information with market context.

This retail space at 1 Rice Sq in Worcester dates to 1890. Interior work includes new walls, ceilings, flooring, lighting and bathroom fixtures. The space is offered for rent and is identified for retail or office use.

The property has a Walk Score of 77, a Transit Score of 44 and a Bike Score of 43.

Key Highlights

  • New walls, ceilings, flooring, lighting and bathroom fixtures
  • Walk Score of 77
  • Transit Score of 44; Bike Score of 43

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

El Moyinsky Tech Computer & Electronic Repair Budget Solution Services Tax Preparation the little bodega Department Store

Suggested Use

Top Pick Law Firm Dental Office Accounting Firm Carpet & Flooring Store Computer & Electronic Repair Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

773
Businesses Nearby
27k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Dining 20% Electronics 10%
Mobil Shops & Services
10,154 visits/mo 0.5 miles
BP Shops & Services
3,905 visits/mo 0.3 miles
TD Bank Shops & Services
3,153 visits/mo 0.2 miles
Pizza Hut Dining
3,112 visits/mo 0.5 miles
Cricket Wireless Authorized Retailer Electronics
2,638 visits/mo 0.5 miles

Demographics for 01604, MA

41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Worcester, MA

$20.88 /SF/Yr
Avg Asking Price
$7.53–$37.5 /SF/Yr
Price Range
3,800 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Worcester, MA

$21.13 Jul
$26.62 Aug
$20.63 Sep
$21.07 Oct

Properties on Market for Retail space in Worcester

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - New walls, ceilings, flooring, lighting and bathroom fixtures provide a refreshed interior for retail or office use.
Where is this retail space located?
The property is located at 1 Rice Sq Worcester, MA.
What is the lease rate?
The lease rate is $950/Mo.
What are key features of this property?
This property features: New walls, ceilings, flooring, lighting and bathroom fixtures; Walk Score of 77; Transit Score of 44; Bike Score of 43
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