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    8-16 Portland St Worcester, MA 01608

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    For Lease
    $1,400 /Mo ($16 SF/Yr)

    Modern retail space for lease with ample parking and visibility.

    Property size:
    1,000 SF
    Lot size:
    0.48 Acres

    Property Features for 8-16 Portland St

    General Information

    Size
    1,000 SF
    Lot size
    0.48 Acres

    Source: Centre Realty Group Agent Matt Javitch

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

    Overview

    Versatile Retail Space in Worcester

    Located at 8-16 Portland Street in Worcester, MA, this property offers a versatile retail space for lease. The property features a spacious 1,000 square-foot floor plan suitable for multiple potential uses. The location provides high visibility and easy access to major highways. Ample parking is available for both employees and clients. Natural light fills the interior, creating an inspiring environment. This location is ideal for businesses seeking a modern and flexible environment in the heart of Worcester.
    Location Intelligence

    Current Use by Public Records

    Portside on the grid Apartment Complex

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm 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
    -71.8011387
    Latitude
    42.2610564

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    FAQs

    What type of property is this?
    Retail space - Modern retail space for lease with ample parking and visibility.
    Where is this retail space located?
    The property is located at 8-16 Portland St Worcester, MA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location in the heart of Worcester.; - Ample parking available for employees and clients.; - Easy access to major highways and transportation routes.
    (617) 332-0077
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    8-16 Portland St Worcester, MA 01608
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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
    8-16 Portland St Worcester, MA 01608
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