Commercial Land Redevelopment
For Lease
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205 Hope Ave, Worcester, MA 01603
Redevelopment site for long-term ground lease with multiple existing buildings at a heavily trafficked rotary intersection.
Space SizeContact for details
Lot Size2.00 Acres
Days on Market580
Property Features for 205 Hope Ave
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
LAND
Spaces For Lease
at 205 Hope Ave Contact us- Type
- LAND
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
205 Hope Ave
- Prime +/- 2 Acre Redevelopment Site for sale The property is located at a heavily...
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Listing Agency:
NAI Glickman Kovago & Jacobs
(508) 753-9100
Listed By:
Tim Whittredge · License #9562752-RE-S
(774) 239-1900
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Sep 14
Last Checked: Sep 15 at 6:24AM
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.
Commercial land redevelopment site totaling approximately +/- 2 acres, positioned for single or multi-use retail redevelopment on a long-term ground lease. Five buildings are currently on site, with tenants either vacant or on month-to-month agreements.
The property is located at a heavily trafficked rotary at the intersection of Hope Ave and Webster St in Worcester, MA, directly adjacent to the I-290 North onramp at the Auburn/Worcester line. Hope Ave carries approximately 16,000 AADT.
The largest building on site is a 2,405 SF former liquor store with an active liquor license in place with the City/State. Additional existing structures include a 783 SF small restaurant use, a 1,798 SF bakery user, a 1,205 SF restaurant use, and a 423 SF barbershop.
The property is located at a heavily trafficked rotary at the intersection of Hope Ave and Webster St in Worcester, MA, directly adjacent to the I-290 North onramp at the Auburn/Worcester line. Hope Ave carries approximately 16,000 AADT.
The largest building on site is a 2,405 SF former liquor store with an active liquor license in place with the City/State. Additional existing structures include a 783 SF small restaurant use, a 1,798 SF bakery user, a 1,205 SF restaurant use, and a 423 SF barbershop.
Key Highlights
- Approximately +/- 2‑acre commercial redevelopment site
- Heavily trafficked rotary at Hope Ave and Webster St
- Directly adjacent to the I‑290 North onramp at the Auburn/Worcester line
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site for long-term ground lease with multiple existing buildings at a heavily trafficked rotary intersection.
Where is this commercial land located?
The property is located at 205 Hope Ave Worcester, MA.
What are key features of this property?
This property features: Approximately +/- 2‑acre commercial redevelopment site; Heavily trafficked rotary at Hope Ave and Webster St; Directly adjacent to the I‑290 North onramp at the Auburn/Worcester line
