Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    73 Southgate St Worcester, MA 01603

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    Mixed-use property with commercial and residential units near Clark University.

    Lot size:
    0.12 Acres

    Property Features for 73 Southgate St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1900

    Source: NAI Glickman Kovago & Jacobs Agent James Glickman

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

    Overview

    Mixed-Use Investment Opportunity in Worcester

    This mixed-use property is located in Worcester and presents an investment opportunity. The property includes a bar, originally opened in 1905 and reopened in 2024, along with three residential units. Two of the residential units have been fully renovated and are leased to Clark University students. The third unit is vacant and ready for renovation. The commercial space on the first floor is occupied by the bar's owner, who is willing to sign a sale-leaseback. The property is located minutes from Clark University, offering a stable rental base. The property offers potential through both residential and commercial income growth.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8156179
    Latitude
    42.2466286

    Nearby Similar for Sale

    • $699,900
      3,289 SF

      Worcester Multi-Family Residential Property

      Residential income property in Worcester, Massachusetts, with 3,289 square feet.
      23 Ashton St, Worcester, MA 01604
      View Details
    • $800,000
      Pending

      Worcester Multifamily Investment Opportunity

      Four residential units near downtown Worcester with recent interior updates.
      49 Dorchester St, Worcester, MA 01610
      View Details
    • $1,650,000
      Pending

      Worcester Multifamily Investment Opportunity

      Two well-maintained buildings near WPI and Elm Park.
      9-11 Dover St, Worcester, MA 01609
      View Details
    • New
      $950,000
      Pending

      Worcester Three-Family Near UMass Chan

      Well-maintained three-family near UMass Chan, offering strong income potential.
      311 Plantation St, Worcester, MA 01604
      View Details
    • $824,900
      Pending

      Meticulously Maintained Worcester Three-Family Home

      9-bedroom, three-family home near Elm Park and WPI.
      32 Blossom St, Worcester, MA 01609
      View Details
    • New
      $850,000
      Pending

      Worcester Multifamily Property For Sale

      Four-unit property featuring two buildings on one lot in Worcester.
      6 Oliver St, Worcester, MA 01603
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential units near Clark University.
    Where is this mixed-use property located?
    The property is located at 73 Southgate St Worcester, MA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Immediate income potential via sale-leaseback of the commercial space (Guertins Cafe).; - Two fully renovated residential units already leased to Clark University students, providing a stable rental income stream.; - Value-add opportunity with a vacant residential unit ready for renovation.
    (508) 753-9100
    Request Owner's contact information
    73 Southgate St Worcester, MA 01603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73 Southgate St
    Worcester, MA 01603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    73 Southgate St Worcester, MA 01603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.