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    488 Grafton St Worcester, MA 01604

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    For Lease
    $3,000 /Mo

    1,700 sq ft commercial space ideal for retail/office/food business.

    Lot size:
    0.09 Acres

    Property Features for 488 Grafton St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty - Northborough Agent Thu Nguyen

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

    Overview

    Prime Retail/Office Space Available

    This commercial space, located at 488 Grafton St, offers 1,700 sq. ft. of renting space suitable for retail, office, or food-related businesses. The property features two half baths and a basement available for storage. Previously home to Wholly Cannoli Bakery for 24 years, the location benefits from high visibility and community recognition. The interior has been updated with new floors, fresh paint, and new ceilings, providing a move-in-ready environment. Situated next to Pretzel Factory, TD Bank, and CVS, the property experiences significant foot and vehicle traffic. This Worcester location presents an opportunity for business growth.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage 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
    -71.7803422
    Latitude
    42.2506774

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    FAQs

    What type of property is this?
    Retail space - 1,700 sq ft commercial space ideal for retail/office/food business.
    Where is this retail space located?
    The property is located at 488 Grafton St Worcester, MA.
    What are key features of this property?
    This property features: - Prime commercial space in a highly desirable Worcester location with excellent foot and vehicle traffic.; - 1,700 sq. ft. space suitable for retail, office, or food-related business.; - Well-known location with established community recognition (former Wholly Cannoli Bakery for 24 years).
    (508) 864-3975
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    488 Grafton St Worcester, MA 01604
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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
    488 Grafton St Worcester, MA 01604
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