Freestanding Storefront
For Sale
Contact for pricing
174 Chandler St, Worcester, MA 01609
Single-level commercial building with BG-3 zoning, forced-air heat, and air conditioning.
Property Size2,220 SF
Lot Size0.07 Acres
Price / SF$1.24
Days on Market73
Property Features for 174 Chandler St
General Information
Standard status
Active
Size
2,220 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
BG-3
Amenities
forced-air heating
air conditioning
Building Details
Year Built
1910
Buildings
1
Stories
1
Listing Agency:
eXp Realty LLC - Corporate Office
(888) 854-7493
Listed By:
The Prosperity Group
(617) 710-0929
Source:
Lockandkeyre
Added: Aug 5
Changed: Oct 15
Last Checked: Oct 15 at 12:58AM
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 eXp Realty LLC - Corporate Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding, single-level storefront property contains approximately 2,220 SF on an approximately 3,075 SF lot. The building dates to 1910 and includes forced-air heating and air conditioning. Its layout is positioned for retail, service, professional, or owner-user applications, subject to applicable approvals and due diligence.
Located at 174 Chandler St in Worcester, the property offers access to Downtown Worcester and nearby commercial areas. BG-3 zoning provides an established regulatory framework for evaluating future use, while buyers should independently confirm permitted uses and zoning requirements.
Located at 174 Chandler St in Worcester, the property offers access to Downtown Worcester and nearby commercial areas. BG-3 zoning provides an established regulatory framework for evaluating future use, while buyers should independently confirm permitted uses and zoning requirements.
Key Highlights
- Approximately 2,220 SF freestanding commercial building
- Approximately 3,075 SF lot
- Single‑level retail/service layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,513
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,260
$610.3K
Cap Rate 7%
$435,900
$435.9K
Cap Rate 9%
$339,033
$339.0K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$46.6K $21.00/SF
− Vacancy
−$3.0K −$1.37/SF
EGI
$43.6K $19.64/SF
− OpEx
−$13.1K −$5.89/SF
NOI
$30.5K $13.74/SF
Area
Worcester, MA
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,260
Cap Rate 7%
$435,900
Cap Rate 9%
$339,033
Alternative Uses
Best Use
Retail
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 1,109.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.0K
$648.4K – $864.5K
NOI $51,869 @ 7.0% cap · market cap 1,886.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,851
Businesses Nearby
109k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 16%
Groceries 14%
Electronics 2%
Gala Foods Supermarket
Groceries
15,286 visits/mo
0.5 miles
Gulf Oil
Shops & Services
13,415 visits/mo
0.4 miles
Speedway
Shops & Services
11,481 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,248 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,629 visits/mo
0.2 miles
Demographics for 01609, MA
23,870
Population
9,126
Households
2.6
Avg Household Size
29
Median Age
49%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
6,451
Density / Sq Mi
$61,411
Median Household Income
$32,399
Median Earnings
$1,212
Median Rent
$422,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-level commercial building with BG-3 zoning, forced-air heat, and air conditioning.
Where is this storefront property located?
The property is located at 174 Chandler St Worcester, MA.
What are key features of this property?
This property features: Approximately 2,220 SF freestanding commercial building; Approximately 3,075 SF lot; Single‑level retail/service layout
