Listing Agency: Kelleher & Sadowsky Show Phone

Listed By: Todd S. Alexander · License #137842 Show Phone

Source: Moodyscre

Added: Apr 22, 2024 Changed: Jul 10 Last Checked: Jul 30 at 5:04AM

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Investment Insights

Based on property information with market context.

Retail space is anticipated to be available in Spring 2023. Phase 1 offers up to 18,000 square feet of total retail space. The property is suitable for restaurant, service, and amenity businesses. A 350-car parking garage is available, along with additional surface lot and street parking. The location is in Worcester, which offers nightlife, diverse restaurants, colleges and universities, and events.

Key Highlights

• Retail space available Spring 2023
• Up to 18,000 SF of total retail space
• 350 car parking garage plus additional surface lot and street parking

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Accounting Firm Skin Care Clinic Pharmacy

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

2,554

Businesses Nearby

84k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 32% Groceries 18% Home Improvements & Furnishings 4%

Burger King Dining

19,049 visits/mo 0.2 miles

Gala Foods Supermarket Groceries

15,286 visits/mo 0.4 miles

Dunkin' Donuts Dining

13,113 visits/mo 0.2 miles

Speedway Shops & Services

9,299 visits/mo 0.2 miles

Shell Shops & Services

8,050 visits/mo 0.3 miles

Market

Lease Benchmarks for Worcester, MA

$22.15 /SF/Yr

Avg Asking Price

$6–$37.5 /SF/Yr

Price Range

4,138 SF

Avg Space Size

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

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space for lease, available Spring 2023.

Where is this retail space located?

The property is located at 1 Green Island Blvd Worcester, MA.

What are key features of this property?

This property features: Retail space available Spring 2023; Up to 18,000 SF of total retail space; 350 car parking garage plus additional surface lot and street parking