Prime Worcester Development
520 Park Ave, Worcester, MA 01603
For Sale
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7.33 acres for mixed-use development near downtown Worcester.
Property Size8,558 SF
Lot Size7.33 Acres
Price / SF$934.80
Days on Market294
Property Features for 520 Park Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Units
Listing Agency:
Kelleher & Sadowsky Associates Inc
Listed By:
Drew Higgins · License MA #9515069
(508) 735-1783
Source:
Crexi
Added: Jan 24
Changed: Nov 10
Last Checked: Nov 12 at 6:06AM
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 Kelleher & Sadowsky Associates Inc
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Investment Insights
Based on property information with market context.
This prime development opportunity is comprised of approximately 7.33 acres in aggregate, improved with an approximately 8,558 square foot automotive service garage. Park Avenue is a heavily traveled route in the City of Worcester, providing north to south access along Route 9/Route 12. The site offers nearby retail amenities and excellent access to colleges and universities, including Clark University, Worcester Polytechnic Institute, MCPHS University, and The College of the Holy Cross. The land is currently zoned BG-2.0, allowing for a myriad of uses including retail, residential, and office related development. It is a perfect site for a mixed-use development project, car dealership, graduate student housing, or senior living. The property is located minutes from Downtown Worcester and all major thoroughfares (I-90, I-190, I-290, and Route 146). The area surrounding this property offers convenient access to major highways and public transportation, making it an ideal location for businesses. Nearby, the Worcester Art Museum and Hanover Theatre provide cultural enrichment, while popular dining and retail destinations like Shrewsbury Street and The Shoppes at Blackstone Valley offer amenities for employees.
Key Highlights
- Prime development opportunity with ±7.33 acres in aggregate.
- Located on Park Avenue, a heavily traveled route.
- Zoned BG‑2.0, allowing for retail, residential, and office development (mixed‑use potential).
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - 7.33 acres for mixed-use development near downtown Worcester.
Where is this commercial land located?
The property is located at 520 Park Ave Worcester, MA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Prime development opportunity with ±7.33 acres in aggregate.; Located on Park Avenue, a heavily traveled route.; Zoned BG‑2.0, allowing for retail, residential, and office development (mixed‑use potential).
