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    872 Main St Worcester, MA 01610

    For Sale
    $599,999

    Two-unit building, prime location, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, located at 872 Main Street in Worcester, MA, presents a lucrative investment opportunity. Situated on a 0.13-acre lot, this two-unit building offers a unique blend of established and vacant space. One unit is currently leased to a thriving restaurant business, providing immediate and consistent rental income. The second unit, currently vacant, presents a versatile space ideal for a variety of uses, including retail, office, or restaurant operations. The flexibility of this unit allows for significant customization to suit a wide range of business needs. Separate utilities for each unit ensure efficient management and cost control. The property benefits from its highly desirable location, close proximity to downtown Worcester, and convenient access to major transportation arteries, including I-90 and I-290. This strategic location offers excellent visibility and accessibility for any business. The asking price for this exceptional property is $599,999. This represents a compelling investment opportunity in a thriving urban market with strong potential for future growth and appreciation. The combination of a stable income stream from the existing tenant and the potential for increased revenue from the vacant unit makes this a truly remarkable offering. Don't miss this chance to acquire a prime commercial property in a dynamic and rapidly developing area.

    Property Features for 872 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1890
    Insight Report Location Intelligence

    Current Use by Public Records

    Happy House Chinese Restaurant Happy House Chinese ... Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.81663
    Latitude
    42.25342

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    FAQs

    What type of property is this?
    Commercial real estate - Two-unit building, prime location, high potential.
    Where is this commercial real estate located?
    The property is located at 872 Main St Worcester, MA.
    What is the asking price?
    The asking price for this property is $599,999.
    (508) 736-2735
    Request Owner's contact information
    872 Main St Worcester, MA 01610
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    Worcester, MA 01610
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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
    872 Main St Worcester, MA 01610
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