Retail Building on Franklin
590 Franklin Street Worcester, MA 01604
590 Franklin Street, Worcester, MA, 01604
$175,000
For Sale
$175,000
Retail building for sale with multiple business opportunities.
Property Size562 SF
Lot Size0.14 Acres
Price / SF$311.39
Days on Market129
Property Features for 590 Franklin Street
General Information
- Standard status
- Active
- Size
- 562 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
Longvall Realty
Listed by
Lance Longvall
(617) 396-3100
Source
Longwoodresidential
Added: Mar 10 Checked: Jul 16 at 1:30 pm
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 Longvall Realty
Investment Insights
Based on property information with market context.
This building presents an opportunity for various business ventures, including retail, hair salons, barber shops, and office spaces. The property is situated on a 6,188 square foot buildable lot and contains 562 square feet of space. It is located on Franklin Street.
Key Highlights
- 6,188 sf Buildable Lot
- Ideal for Retail
- Suitable for Hair Salon/Barber Shop
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.8k | $21.00 |
| − Vacancy | −$767 | −$1.37 |
| EGI | $11.0k | $19.64 |
| − OpEx | −$3.3k | −$5.89 |
| NOI | $7.7k | $13.74 |
562 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$110.3K
$96.6K – $128.7K
NOI $7,724 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.6K
$164.1K – $218.9K
NOI $13,131 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nu Vogue Salon
Hair Salon
Genie's Beauty Salon
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building for sale with multiple business opportunities.
Where is this retail space located?
The property is located at 590 Franklin Street Worcester, MA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 6,188 sf Buildable Lot; Ideal for Retail; Suitable for Hair Salon/Barber Shop
