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    241 Southbridge St Worcester, MA 01608

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    For Sale
    $1,950,000

    2.07-acre site near Canal District, ideal for redevelopment.

    Lot size:
    0.48 Acres

    Property Features for 241 Southbridge St

    General Information

    Lot size
    0.48 Acres

    Building Details

    Year built
    1935

    Source: Castinetti Realty Group Agent Andrea Beth Castinetti

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

    Overview

    Redevelopment Opportunity Near Polar Park

    This redevelopment opportunity features a 15,000 sq. ft., two-story stand-alone building on a 2.07-acre site. The site includes two additional paved, unimproved parcels. The three parcels offer approximately 800 feet of frontage and are under common ownership, available either individually or as an assemblage. The property is located in Worcester, Massachusetts, and benefits from immediate access to the thriving Canal District and is within walking distance of Polar Park, home to the AAA Worcester Red Sox. Situated in a BG-6.0 business-friendly commercial zone, the site is ideal for a variety of high-demand uses, including residential multi-family, medical, office, retail, cannabis, restaurant and entertainment venues, and life sciences. The property offers the potential to support the development of 300+ residential multifamily units.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -71.8057945
    Latitude
    42.2559283

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    FAQs

    What type of property is this?
    Commercial land - 2.07-acre site near Canal District, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 241 Southbridge St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity with potential for 300+ residential multi-family units.; - Located in a business-friendly commercial zone (BG-6.0) allowing for diverse uses.; - 15,000 sq. ft. building on a 2.07 acre site comprised of three parcels with 800 feet of frontage.
    (508) 277-0063
    Request Owner's contact information
    241 Southbridge St Worcester, MA 01608
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    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
    241 Southbridge St Worcester, MA 01608
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