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    521 Main St Worcester, MA 01608

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    For Sale
    $1,250,000

    Prime downtown Worcester property with restaurant and residential potential.

    Lot size:
    0.04 Acres

    Property Features for 521 Main St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1930

    Source: StartPoint Realty Agent Hui Joseph Zou

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

    Overview

    Worcester Mixed-Use Restaurant Opportunity

    This property presents a rare opportunity to own real estate in downtown Worcester. Currently operating as a restaurant on the first floor, the upper floors (2-4) offer potential for residential units or restaurant expansion. As the only Chinese restaurant in downtown Worcester, it attracts customers from the downtown area, tourists, and attendees of events at the Hanover Theater. The Polar Park is located less than 0.5 miles away. Significant renovations were completed in 2019, including the back wall, HVAC system, and fire prevention system. Architectural drawings are available for two residential units: one spanning the third and fourth floors with 4 bedrooms and 3.5 baths, and another on the second floor with 3 bedrooms and 2 full baths. The building could also be converted into a multifunctional restaurant or adapted for other creative uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Great Wall Chinese Restaurant Denholm Mural at the Theatre ... Painting

    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
    -71.8027396
    Latitude
    42.261715

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    FAQs

    What type of property is this?
    Conventional restaurant - Prime downtown Worcester property with restaurant and residential potential.
    Where is this conventional restaurant located?
    The property is located at 521 Main St Worcester, MA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime location in downtown Worcester.; - Established Chinese restaurant with a loyal customer base.; - Proximity to Hanover Theater and Polar Park, driving revenue.
    (508) 735-6911
    Request Owner's contact information
    521 Main 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
    521 Main St Worcester, MA 01608
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