Listing Agency: m***@mmahoney.com Show Phone

Listed By: James Show Phone

Added: Dec 26, 2024 Changed: Mar 16

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Investment Insights

Based on property information with market context.

A 2,075 square foot commercial space is available for lease in Worcester, MA. Located on Grafton Street, this property is in a high-traffic location. The space, previously a bakery, features a large window storefront. The property's open floor plan offers space for displays, seating, or storage. Convenient street parking is available. The space includes a private bathroom. The property is situated in a high-traffic area with excellent visibility and accessibility, surrounded by other businesses, banks, and retail stores. This adaptable space is suitable for a variety of uses, including retail, cafes, or offices. Immediate occupancy is available. The monthly rent is $2,500, with a preferred 3-year lease term and a $2,500 security deposit. Utilities, including electric, taxes, water, sewer, and heat, are the tenant's responsibility.

Property Analytics

Property Profile

Current Use

Retail residential properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Gym & Fitness Center Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

411

Businesses Nearby

Explore this area Business Placement

Demographics for 01604, MA

41,301

Population

18,166

Households

2.3

Avg Household Size

37

Median Age

31%

College-Educated

86%

High-School Grad

6.6 sq mi

ZIP Area

6,258

Density / Sq Mi

$72,911

Median Household Income

$45,596

Median Earnings

$1,570

Median Rent

$321,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail residential property - Retail | Single tenant | 2,075 sq. ft.

Where is this retail residential property located?

The property is located at 5 Massasoit Rd Worcester MA 01604 Worcester, MA.