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Oversized Restaurant Space
New
For Lease
$3,000/Mo

407 Main Street #2, Worcester, MA 01608

Main-level space includes a basement area for storage and operations.

Space SizeContact for details
Property Size4,784 SF
Days on Market3

Property Features for 407 Main Street #2

General Information

Standard status Active
Size 4,784 SF
Zoning BG-6

Additional Details

Floor Ground + Basement

Taxes and HOA fees

Annual Taxes $16,614

Building Details

Building Size 4,784 SF
Year Built 1890
Listing Agency: RE/MAX Partners
Listed By: James Kalogeropoulos · License #9072828
Source: Insightrealtygroup
Added: Sep 8 Changed: Sep 9 Last Checked: Sep 10 at 5:11AM

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 restaurant property provides more than 3,000 square feet on the main level, with additional basement space supporting storage and operational needs. The building dates to 1890 and carries BG-6 zoning. Its prior history includes development for McDonald’s and later occupancy by a pizza restaurant, providing established restaurant context for a future operator.

The storefront is located at 407 Main Street, #2, in downtown Worcester, surrounded by established businesses and new development. The space may accommodate restaurant or retail operations, including fast-casual and quick-service concepts, as well as other storefront uses supported by the property’s configuration.

Key Highlights

  • More than 3,000 square feet on the main level
  • Additional basement area for storage and operations
  • BG‑6 zoning

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Veterinary Clinic Butcher Pet Store Pet Store & Service Tanning Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,091
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 34% Shops & Services 29% Groceries 17% Hotels & Casinos 16%
Starbucks Dining
30,578 visits/mo 0.5 miles
Gala Foods Supermarket Groceries
15,286 visits/mo 0.4 miles
Hilton Garden Inn Worcester Hotels & Casinos
11,920 visits/mo 0.3 miles
Shell Shops & Services
8,050 visits/mo 0.4 miles
Dollar Tree Shops & Services
7,326 visits/mo 0.5 miles

Demographics for 01608, MA

4,996
Population
2,565
Households
1.9
Avg Household Size
28
Median Age
29%
College-Educated
74%
High-School Grad
0.5 sq mi
ZIP Area
9,992
Density / Sq Mi
$45,962
Median Household Income
$36,596
Median Earnings
$1,461
Median Rent
$117,100
Median Home Value

Market

Lease Benchmarks for Worcester, MA

$19.38 /SF/Yr
Avg Asking Price
$7.53–$25 /SF/Yr
Price Range
83,050 SF
Avg Space Size

This space is priced 61% below the average of $19.38 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Main-level space includes a basement area for storage and operations.
Where is this conventional restaurant located?
The property is located at 407 Main Street #2 Worcester, MA.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: More than 3,000 square feet on the main level; Additional basement area for storage and operations; BG‑6 zoning
More about this property
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