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    205 Hope Ave Worcester, MA 01603

    For Lease
    Contact for pricing

    Prime 2-acre redevelopment site adjacent to I-290 onramp.

    Property size:
    2 SF
    Lot size:
    2.00 Acres

    Property Features for 205 Hope Ave

    General Information

    Size
    2 SF
    Lot size
    2.00 Acres

    Building Details

    Year built
    1950

    Source: Tim Whittredge Agent Tim Whittredge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Site Near I-290

    This is a prime redevelopment site of approximately 2 acres located on Webster Street in Worcester. The property is directly adjacent to the I-290 North onramp at the Auburn/Worcester line. It is suitable for single or multi-use retail redevelopment under a long-term ground lease. There are currently five buildings on the site, which are either vacant or operating under month-to-month agreements. Existing buildings include a 783-square-foot small restaurant, a 1,798-square-foot bakery, a 1,205-square-foot restaurant, and a 423-square-foot barbershop. The property is situated at a heavily trafficked rotary at the intersection of Hope Avenue, which experiences an average annual daily traffic count of 16,000 vehicles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    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
    -71.8328222
    Latitude
    42.2318189

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    FAQs

    What type of property is this?
    Land - Prime 2-acre redevelopment site adjacent to I-290 onramp.
    Where is this land located?
    The property is located at 205 Hope Ave Worcester, MA.
    What are key features of this property?
    This property features: - Prime +/- 2 Acre Redevelopment Site; - Directly adjacent to I-290 North Onramp; - Ideal for single or multi-use retail redevelopment
    (774) 239-1900
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    205 Hope 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
    205 Hope Ave Worcester, MA 01603
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