Retail Space in Multi-Tenant
1115 Providence Rd, Northbridge, MA 01588
For Sale
Contact for pricing
Open layout with a private restroom, on-site parking, and convenient access at a prominent Whitinsville intersection.
Property Size1,150 SF
Price / SF$1.43
Days on Market85
Property Features for 1115 Providence Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
ERA Key Realty Services
(508) 234-0550
Listed By:
Susan Dicks
(508) 509-5204
Source:
Lockandkeyre
Added: Aug 18
Changed: Nov 8
Last Checked: Nov 10 at 8:18AM
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 ERA Key Realty Services
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Investment Insights
Based on property information with market context.
This retail space at 1111-1115 Providence Rd in Northbridge offers an adaptable interior with an open main area and private restroom. The property is located within an established multi-tenant plaza and includes on-site parking, supporting customer and staff access.
The space sits near the Providence Road and Church Street intersection in the Whitinsville corridor. Nearby businesses include Shaws, CVS, Ocean State Job Lot, Koopman Lumber, Reunion, and other plaza retailers. Whitinsville Center averages 12,000–14,000 vehicles per day, providing exposure to both daily errands and peak-hour travel.
The layout may accommodate quiet, appointment-based operations and other retail or service uses, subject to applicable approvals. The current tenant is scheduled to move out at the end of August.
The space sits near the Providence Road and Church Street intersection in the Whitinsville corridor. Nearby businesses include Shaws, CVS, Ocean State Job Lot, Koopman Lumber, Reunion, and other plaza retailers. Whitinsville Center averages 12,000–14,000 vehicles per day, providing exposure to both daily errands and peak-hour travel.
The layout may accommodate quiet, appointment-based operations and other retail or service uses, subject to applicable approvals. The current tenant is scheduled to move out at the end of August.
Key Highlights
- Retail space within an established multi‑tenant plaza
- Open main area with private restroom
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,005
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,100
$340.1K
Cap Rate 7%
$242,929
$242.9K
Cap Rate 9%
$188,944
$188.9K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$24.8K $21.60/SF
− Vacancy
−$546 −$0.48/SF
EGI
$24.3K $21.12/SF
− OpEx
−$7.3K −$6.34/SF
NOI
$17.0K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,100
Cap Rate 7%
$242,929
Cap Rate 9%
$188,944
Alternative Uses
Best Use
Retail
$242.9K
$212.6K – $283.4K
NOI $17,005 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.7K
$343.6K – $458.2K
NOI $27,490 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 37%
Groceries 23%
Shaw's Supermarket
Groceries
25,898 visits/mo
0.1 miles
McDonald's
Dining
21,573 visits/mo
0.1 miles
Ocean State Job Lot
Shops & Services
19,546 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,720 visits/mo
0.1 miles
Burger King
Dining
12,296 visits/mo
0.0 miles
Demographics for 01588, MA
10,106
Population
4,553
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
1,248
Density / Sq Mi
$88,735
Median Household Income
$50,855
Median Earnings
$1,263
Median Rent
$413,600
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Worcester County, MA
Properties on Market for Retail space in Worcester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Open layout with a private restroom, on-site parking, and convenient access at a prominent Whitinsville intersection.
Where is this retail space located?
The property is located at 1115 Providence Rd Northbridge, MA.
What are key features of this property?
This property features: Retail space within an established multi‑tenant plaza; Open main area with private restroom; On‑site parking included
