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Retail Space with New Interior Finishes

1 Rice Sq, Worcester, MA 01604

For Lease
New
$950/Mo

Commercial Lease, Worcester, MA

Space SizeContact for details
Lot Size0.09 Acres
Days on Market6

Property Features for 1 Rice Sq

General Information

Property type Commercial Lease
Property subtype Other
Zoning BL-1
Zoning description Legal Conforming
Directions Grafton St to Rice Square
Standard status Active
APN M:0018 B:0002 L:00008,1780014
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 16843

Building Details

Year built 1890
Listing Agency: Keller Williams Pinnacle Central · Keller Williams Realty
Listed By: Sarah Gustafson
Added: Nov 5 Last Checked: Nov 10 at 10:06AM
MLS# 73599454

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This Worcester retail space has new walls, ceilings, flooring, lighting, and bathroom fixtures, along with fresh paint. The property information identifies BL-1 zoning and lists retail and office use potential. The associated parcel measures 0.0926 acres, and the building year is recorded as 1890.

Located at 1 Rice Sq in Worcester, the space is offered for lease.

Key Highlights

  • New walls, ceilings, flooring, lighting, and bathroom fixtures
  • Fresh paint
  • BL‑1 zoning

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 - BL-1 zoning accommodates the listed retail or office use potential.
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; Fresh paint; BL‑1 zoning
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Includes: Price & PSF · Cap rate · Location · Zoning

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