Downtown Worcester Corner
For Lease
Contact for pricing
56 Franklin St, Worcester, MA 01608
Highly visible 2,500 SF corner storefront in thriving downtown location.
Space Size2,500 SF
Days on Market215
Property Features for 56 Franklin St
General Information
Standard status
Active
Size
2,500 SF
Class
A
Property subtype
Retail, Restaurant
Lease Type
NNN
Building Details
Tenancy
Single
Spaces For Lease
at 56 Franklin St Contact us- Size
- 2,500 SF
- Type
- Restaurant, Retail
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Centre Realty Group
(617) 332-0077
Listed By:
Alissa Charles · License #9534381
Source:
Crexi
Added: Jan 8
Changed: Aug 8
Last Checked: Aug 8 at 2:37PM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
Located at 56 Franklin Street in Downtown Worcester, this available storefront property offers 2,500 square feet of space. The street-level space features wraparound windows that provide natural light and exposure. An additional 600 square feet of basement storage is included. The property is situated on a corner with high visibility, overlooking Worcester Common. The location benefits from strong foot traffic, newly built apartments, and ongoing development, contributing to a growing customer base. The existing layout includes a built-in counter and a rear kitchen area with a walk-in cooler. The property is located in an Opportunity Zone and a HUBZone. It is suitable for various business uses that do not require a commercial hood, as there is no hood in place; coffee shop use is not permitted.
Key Highlights
- Highly visible 2,500 SF corner storefront in Downtown Worcester overlooking Worcester Common.
- Strong foot traffic and proximity to newly built apartments and ongoing development.
- Wraparound windows providing excellent natural light and exposure.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.22 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,984
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 25%
Groceries 20%
Hotels & Casinos 19%
Burger King
Dining
19,049 visits/mo
0.5 miles
Gala Foods Supermarket
Groceries
15,286 visits/mo
0.3 miles
Hilton Garden Inn Worcester
Hotels & Casinos
11,920 visits/mo
0.4 miles
Speedway
Shops & Services
9,299 visits/mo
0.5 miles
Shell
Shops & Services
8,050 visits/mo
0.2 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
$24.84 /SF/Yr
Avg Asking Price
$18–$37.5 /SF/Yr
Price Range
3,951 SF
Avg Space Size
This space is priced 94% below the average of $24.84 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible 2,500 SF corner storefront in thriving downtown location.
Where is this storefront property located?
The property is located at 56 Franklin St Worcester, MA.
What is the lease rate?
The lease rate is $300/Mo.
What are key features of this property?
This property features: Highly visible 2,500 SF corner storefront in Downtown Worcester overlooking Worcester Common.; Strong foot traffic and proximity to newly built apartments and ongoing development.; Wraparound windows providing excellent natural light and exposure.
