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    173 Grove St Worcester, MA 01605

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    For Lease
    $1,650,000

    Retail space with high visibility and strong traffic counts.

    Property size:
    1,895 SF
    Lot size:
    0.86 Acres

    Property Features for 173 Grove St

    General Information

    Size
    1,895 SF
    Lot size
    0.86 Acres

    Source: Kelleher & Sadowsky Agent James P. Cozza

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

    Overview

    Highly Visible Retail Space

    This highly visible retail property, encompassing 1895 square feet, benefits from strong traffic counts along Grove Street. It is conveniently located within walking distance to numerous amenities on Grove Street, Park Avenue, and West Boylston Street, including the newly developed Trolley Yard retail center. The site offers excellent highway accessibility with close proximity to Route 9, I-190, and I-290. The area is nestled within close proximity to elite educational institutions such as Worcester Polytechnic Institute and Clark University, creating a fertile environment for cutting-edge research and innovation. Nearby attractions, including the Worcester Art Museum and the Hanover Theatre for the Performing Arts, add an enriching cultural dimension to the area, attracting talented professionals and patrons alike. This locale offers an ideal setting for an office or office building investment, promising a harmonious balance of work and leisure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pro Dimensions Hair ... Beauty Salon Cheryl A Keith Electrolysis Electrolysis Hair Removal Service Frost Manufacturing Corporation Manufacturer PZ Dance Academy Dance School The Wizarrd Hair Replacement Service

    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
    -71.804868
    Latitude
    42.2792542

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and strong traffic counts.
    Where is this retail space located?
    The property is located at 173 Grove St Worcester, MA.
    What are key features of this property?
    This property features: - High visibility location with strong traffic counts on Grove Street.; - Excellent highway accessibility via Route 9, I-190, and I-290.; - Walking distance to amenities on Grove Street, Park Avenue, and West Boylston Street, including the Trolley Yard retail center.
    (508) 450-4271
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    173 Grove St Worcester, MA 01605
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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
    173 Grove St Worcester, MA 01605
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