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Worcester Industrial Redevelopment Opportunity
For Sale
$299,900
Pending

119 Dewey St, Worcester, MA 01610

1.43-acre industrial property with redevelopment potential near downtown Worcester.

Property Size33,546 SF
Days on Market488

Property Features for 119 Dewey St

General Information

Standard status Pending
Size 33,546 SF
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $9,090

Building Details

Year Built 1930
Listing Agency: Khattar Realty, Inc.
Listed By: Anthony Khattar
Source: Exitrealty
Added: Jun 7, 2025 Changed: Oct 4 Last Checked: Oct 4 at 7:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Khattar Realty, Inc.

Investment Insights

Based on property information with market context.

This 1.43-acre industrial property presents a development opportunity centrally located near downtown Worcester and area colleges. The site features frontage on three streets and includes a single-story warehouse. The warehouse has a 15-ft overhead door and three additional drive-in doors. Utilities available at the property include water, sewer, natural gas, and 3-phase power. Off-street parking and yard storage are present. The property offers potential for subdivision, with the buyer responsible for verification. The City of Worcester has expressed interest in partnering with investors to help realize the site's potential for industrial or housing development, with the buyer to perform due diligence on all permitted uses. The property is suitable for redevelopment or adaptive reuse.

Key Highlights

  • 1.43‑acre industrial property with major redevelopment/adaptive reuse potential.
  • Prime central location near downtown Worcester and area colleges.
  • Frontage on three streets, offering excellent visibility and access.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Carpet & Flooring Store Pet Grooming Service Pet Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,247
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01610, MA

28,717
Population
10,263
Households
2.8
Avg Household Size
28
Median Age
18%
College-Educated
74%
High-School Grad
2.1 sq mi
ZIP Area
13,675
Density / Sq Mi
$43,757
Median Household Income
$22,978
Median Earnings
$1,339
Median Rent
$279,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Similar Off Market Nearby

  • Terminal Warehouse, Inc. — 100 Grand St Suite 3, Worcester, MA 01610
  • Armory Street Cold Storage — 25 Armory St, Worcester, MA 01610
  • A & D Cold Storage — 512 Southbridge St, Worcester, MA 01610
  • Near2Me Storage Units — 455 Park Ave, Worcester, MA 01610
  • Gemse — 222 MA-122A, Worcester, MA 01609

Frequently Asked Questions

What type of property is this?
Warehouse - 1.43-acre industrial property with redevelopment potential near downtown Worcester.
Where is this warehouse located?
The property is located at 119 Dewey St Worcester, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1.43‑acre industrial property with major redevelopment/adaptive reuse potential.; Prime central location near downtown Worcester and area colleges.; Frontage on three streets, offering excellent visibility and access.
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