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    554 Main St Worcester, MA 01608

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    For Lease
    Contact for pricing

    Mixed-use hub in Worcester Theatre District, steps from amenities.

    Property size:
    35,000 SF
    Lot size:
    0.43 Acres

    Property Features for 554 Main St

    General Information

    Size
    35,000 SF
    Lot size
    0.43 Acres

    Source: The Menkiti Group Agent Mike McElaney

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

    Overview

    Prime Retail and Office Space

    Located at 554 Main Street, this building offers opportunities for neighborhood-serving retail and commercial office space. The property aims to be a mixed-use hub of cultural activity within the Worcester Theatre District for residents and visitors. Situated steps away from restaurants, bars, and entertainment, the location is intended to be a central hub for businesses. The property has a size of 35000 square feet.
    Location Intelligence

    Current Use by Public Records

    Emengini Institute | For Comparative ... Educational Institution CPR of America Emergency Training MassHire Central Region ... Association / Organization MassHire Worcester Career ... Career Guidance Service The Menkiti Group Worcester Real Estate Agency

    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
    -71.8038824
    Latitude
    42.2612914

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    FAQs

    What type of property is this?
    Office building - Mixed-use hub in Worcester Theatre District, steps from amenities.
    Where is this office building located?
    The property is located at 554 Main St Worcester, MA.
    What are key features of this property?
    This property features: - Prime location in the Worcester Theatre District.; - Mixed-use building suitable for retail and commercial office space.; - Steps away from top restaurants, bars, and entertainment.
    (508) 713-9684
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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
    554 Main St Worcester, MA 01608
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