Listed By: James Black 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

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Current Use

Retail residential properties

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Dental Office Carpet & Flooring Store Computer & Electronic Repair

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.