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.
Lot Size2.00 Acres
Days on Market534
Property Features for 205 Hope Ave
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
LAND
Listing Agency:
NAI Glickman Kovago & Jacobs
(774) 239-1900
Listed By:
Tim Whittredge · License #9562752-RE-S
Source:
Moodyscre
Added: Feb 13, 2025
Changed: Jul 31
Last Checked: Aug 1 at 9:03AM
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
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
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
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
