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    1 Ferdinand St Worcester, MA 01603

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    For Sale
    $850,000

    Commercial property with high visibility and accessibility in a busy corridor.

    Property size:
    3,576 SF
    Lot size:
    0.20 Acres

    Property Features for 1 Ferdinand St

    General Information

    Size
    3,576 SF
    Lot size
    0.20 Acres

    Source: BHHS - Commonwealth Real Estate | Hopkinton Agent Peter Kim

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

    Overview

    Fully Occupied Commercial Property

    Located at the intersection of Ferdinand Street and Park Avenue, this fully-occupied commercial property offers visibility and accessibility in one of Worcester's busiest corridors. The property is positioned in a mixed-use zone surrounded by residential neighborhoods and commercial developments. This location is suitable for retail, office, and service businesses, catering to both residential and commercial sectors. The property has 100% occupancy with established tenants. It is located just off Park Avenue, a major Worcester commercial artery, and has easy access to Route 9, Route 122, I-290, and 146. The property is situated in a high foot and vehicle traffic area and is surrounded by national retailers and franchises including CVS, Walgreens, Dunkin', AutoZone, Popeye's, McDonald's, and Planet Fitness. It has synergy with the area's college and university population, including Clark, Holy Cross, Worcester State, and WPI. The property size is 3576 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -71.832785
    Latitude
    42.2541839

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    FAQs

    What type of property is this?
    Retail space - Commercial property with high visibility and accessibility in a busy corridor.
    Where is this retail space located?
    The property is located at 1 Ferdinand St Worcester, MA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - 100% Occupancy with Established Tenants providing immediate and consistent income.; - Excellent Visibility & Accessibility at a high-traffic intersection off Park Avenue.; - Strategic Location in Mixed-Use Zone, surrounded by residential and commercial areas.
    (508) 904-4735
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    1 Ferdinand St Worcester, MA 01603
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    Worcester, MA 01603
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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
    1 Ferdinand St Worcester, MA 01603
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