Retail Storefront with High-Volume Frontage

632 Park Ave Worcester, MA 01603

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Retail storefront on a heavily traveled corridor at Park Avenue and Main Street with signage visibility and steady daily traffic.

Property size:
5,479 SF
Price / SF:
$269/SF
Added:
Jul 9, 2026
Days on Market:
4
Last Refresh:
Jul 11 at 3:51 am

Property Features for 632 Park Ave

General Information

Standard status
Active
Size
5,479 SF

Listing office NAI Glickman Kovago & Jacobs

Listing date Jul 9, 2026

Source Moodyscre

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 NAI Glickman Kovago & Jacobs


Investment Insights

Based on property information with market context.

632 Park Avenue is a retail storefront located at the intersection of Park Avenue and Main Street in the Webster Square area of southwest Worcester. The asset benefits from strong street frontage, signage visibility, and steady consumer traffic along a dense, established retail corridor.

Park Avenue (Route 9) carries 19,561 ADT, while Main Street carries 16,567 ADT, supporting consistent daily activity at this intersection. Route 9 provides connectivity between Webster Square and downtown Worcester, with I-290, I-90, and Route 12 also within close reach.

The surrounding retail trade area is described as anchored by national and regional tenants, with Webster Square Plaza and Mill Street Plaza at the intersection. Clark University serves as an immediate area anchor, contributing to the student and institutional draw in the market.

Key Highlights

  • Retail storefront on Park Avenue (Route 9) and Main Street at Webster Square in southwest Worcester
  • Strong frontage and signage visibility on a dense, established retail corridor
  • Heavy daily traffic: 19,561 ADT on Park Avenue (Route 9) and 16,567 ADT on Main Street

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 $115.1k $21.00
− Vacancy −$7.5k −$1.37
EGI $107.6k $19.64
− OpEx −$32.3k −$5.89
NOI $75.3k $13.74
5,479 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.08M
$941.3K – $1.26M (±1% cap)
NOI $75,306 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M (±1% cap)
NOI $128,014 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Law Firm Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Veterinary Clinic Skin Care Clinic Storage Facility Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Retail storefront on a heavily traveled corridor at Park Avenue and Main Street with signage visibility and steady daily traffic.
Where is this retail space located?
The property is located at 632 Park Ave Worcester, MA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Retail storefront on Park Avenue (Route 9) and Main Street at Webster Square in southwest Worcester; Strong frontage and signage visibility on a dense, established retail corridor; Heavy daily traffic: 19,561 ADT on Park Avenue (Route 9) and 16,567 ADT on Main Street
Contact an agent
(508) 753-9100 Call to check price and availability
More about this property
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