Redevelopment Retail
For Lease
Contact for pricing
31-35 Park Ave, Worcester, MA 01605
New retail strip redevelopment allows suites to be subdivided down to 1,500 sf.
Property Size11,000 SF
Days on Market729
Property Features for 31-35 Park Ave
General Information
Standard status
Active
Size
11,000 SF
Property subtype
RETAIL
Listing Agency:
NAI Glickman Kovago & Jacobs
(774) 230-3448
Listed By:
Michael C. Jacobs · License #9058150
Source:
Moodyscre
Added: Aug 1, 2024
Changed: Jul 26
Last Checked: Jul 30 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
The property is being redeveloped from an older retail building into a new retail strip totaling 11,000 sf. The space can be subdivided down to 1,500 sf, supporting flexible suite layouts.
The site is directly adjacent to The Trolley Yard, a new 68,000 sf retail center. The immediate area also includes five new commercial developments under construction totaling over 150,000 sf of new retail, medical, and office space.
For tenants seeking a modernized retail environment with the ability to scale their footprint, this redevelopment strip offers suite-level flexibility within a growing cluster of new commercial development.
The site is directly adjacent to The Trolley Yard, a new 68,000 sf retail center. The immediate area also includes five new commercial developments under construction totaling over 150,000 sf of new retail, medical, and office space.
For tenants seeking a modernized retail environment with the ability to scale their footprint, this redevelopment strip offers suite-level flexibility within a growing cluster of new commercial development.
Key Highlights
- New retail strip redevelopment of an old retail building into an 11,000 SF retail strip
- Suites can be subdivided down to 1,500 SF
- Directly adjacent to The Trolley Yard, a new 68,000 SF retail center
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,544
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 32%
Hotels & Casinos 11%
Apparel 10%
Shell
Shops & Services
20,818 visits/mo
0.4 miles
Starbucks
Dining
12,078 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
11,869 visits/mo
0.3 miles
Goodwill
Apparel
8,263 visits/mo
0.3 miles
Courtyard Worcester
Hotels & Casinos
4,952 visits/mo
0.4 miles
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - New retail strip redevelopment allows suites to be subdivided down to 1,500 sf.
Where is this strip mall located?
The property is located at 31-35 Park Ave Worcester, MA.
What are key features of this property?
This property features: New retail strip redevelopment of an old retail building into an 11,000 SF retail strip; Suites can be subdivided down to 1,500 SF; Directly adjacent to The Trolley Yard, a new 68,000 SF retail center
