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    31-35 Park Ave Worcester, MA 01605

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    For Lease
    Contact for pricing

    11,000 SF retail strip in sought-after commercial area.

    Property size:
    11,000 SF
    Lot size:
    11,000 SF

    Property Features for 31-35 Park Ave

    General Information

    Size
    11,000 SF

    Building Details

    Year built
    1970

    Source: Michael C. Jacobs Agent Michael C. Jacobs

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

    Overview

    Retail Strip in Prime Location

    This retail building is situated in the heart of the Gold Star Blvd/Grove Street area, a sought-after commercial sector. The property involves the redevelopment of an old retail building into a new 11,000 square foot retail strip, which is subdividable down to 1,500 square feet. It is directly adjacent to The Trolley Yard, a new 68,000 square foot retail center. The immediate neighborhood includes five new commercial developments currently under construction, totaling over 150,000 square feet of new retail, medical, and office space.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8079402
    Latitude
    42.2829667

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    FAQs

    What type of property is this?
    Strip mall - 11,000 SF retail strip in sought-after commercial area.
    Where is this strip mall located?
    The property is located at 31-35 Park Ave Worcester, MA.
    What are key features of this property?
    This property features: - Prime location in the highly desirable Gold Star Blvd/Grove Street commercial area.; - New 11,000 sf retail strip after redevelopment.; - Subdividable space, down to 1500 sf.
    (774) 230-3448
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    Worcester, MA 01605
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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
    31-35 Park Ave Worcester, MA 01605
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