Three-Unit Mixed-Use
162 Harding Street Worcester, MA 01604
162 Harding Street, Worcester, MA, 01604
$2,490,000
For Sale
$2,490,000
Fully renovated three-unit property with ground retail, a professional office suite, and a leased restaurant.
Property Size6,758 SF
Price / SF$368.45
Days on Market329
Property Features for 162 Harding Street
General Information
- Standard status
- Active
- Size
- 6,758 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
RE/MAX Partners
Listed by
James Kalogeropoulos
(617) 236-0711
Source
Campionre
Added: Aug 28, 2025 Updated: Jul 21 at 9:57PM Checked: Jul 21 at 9:57PM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This three-unit mixed-use building at 162 Harding Street in Worcester, MA 01604 is fully renovated and designed to support a diversified income stream. The property includes a ground-level retail space, a professional office suite, and a restaurant, with the building configured to operate under multiple complementary uses.
The asset is presented as fully leased to reliable tenants. The location is described as highly visible and surrounded by activity tied to the Canal District and Polar Park, with Worcester’s downtown continuing to expand.
Overall, the combination of retail, office, and restaurant space within one renovated, multi-tenant structure is intended to provide immediate occupancy while offering ownership in a central Massachusetts commercial market.
The asset is presented as fully leased to reliable tenants. The location is described as highly visible and surrounded by activity tied to the Canal District and Polar Park, with Worcester’s downtown continuing to expand.
Overall, the combination of retail, office, and restaurant space within one renovated, multi-tenant structure is intended to provide immediate occupancy while offering ownership in a central Massachusetts commercial market.
Key Highlights
- Fully renovated 3‑unit mixed‑use building with ground‑level retail, a professional office suite, and a leased restaurant
- All units are leased to tenants, providing income from the retail space, office suite, and restaurant
- Year built: 1930
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.5k | $27.00 |
| − Vacancy | −$32.8k | −$4.86 |
| EGI | $149.6k | $22.14 |
| − OpEx | −$37.4k | −$5.54 |
| NOI | $112.2k | $16.61 |
6,758 SF · lease $27.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,217 @ 7.0% cap · market cap 4.51%
Second Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,206 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,897 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tasty Experience Bistro
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated three-unit property with ground retail, a professional office suite, and a leased restaurant.
Where is this mixed-use property located?
The property is located at 162 Harding Street Worcester, MA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Fully renovated 3‑unit mixed‑use building with ground‑level retail, a professional office suite, and a leased restaurant; All units are leased to tenants, providing income from the retail space, office suite, and restaurant; Year built: 1930
