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    707 Main St Worcester, MA 01610

    For Sale
    $2,099,000

    Mixed-use property featuring commercial units and a renovated rooming house.

    Lot size:
    0.16 Acres

    Property Features for 707 Main St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1920

    Source: MIG Agent Sohrab Khan

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

    Overview

    Mixed-Use Property with Rooming House

    This mixed-use property features an excellent downtown location with high traffic. The first floor comprises four commercial units, including a restaurant, a convenience store, an appliance shop, and a barber shop. The second floor features a completely renovated 14-room licensed rooming house. Additionally, the property includes a separate lot at 3 Charlton Street, currently used as a parking lot, with the owner covering a separate tax bill for it. This lot is included in the asking price. The property is a turn-key operation.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Building Supply Clothing Store Auto Repair Shop Wholesale Shop Food Market Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8073194
    Latitude
    42.2580135

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    FAQs

    What type of property is this?
    Restaurant - Mixed-use property featuring commercial units and a renovated rooming house.
    Where is this restaurant located?
    The property is located at 707 Main St Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,099,000.
    What are key features of this property?
    This property features: - Prime downtown location with high traffic count; - Turn-key mixed-use property with existing tenants; - Includes a separate parking lot
    (617) 678-6843
    Request Owner's contact information
    707 Main St Worcester, MA 01610
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    Worcester, MA 01610
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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
    707 Main St Worcester, MA 01610
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