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    31 Canterbury St Worcester, MA 01610

    Sponsored
    For Sale
    $125,000

    0.088-acre lot, prime Worcester location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.088-acre commercial and industrial land parcel, located at 31 Canterbury Street in Worcester, Massachusetts, presents a unique development opportunity. The approximately 6,500 square foot lot boasts a desirable location within Worcester, offering easy access to major transportation arteries including Route 122A, Route 146, I-290, and I-190, all within three miles. The property features approximately 50 feet of frontage on Canterbury Street and is conveniently serviced by city water and sewer, natural gas provided by National Grid, and electricity, also supplied by National Grid. The lot is primarily level, simplifying development plans. The property is zoned MG-2, providing flexibility for a range of commercial and industrial uses. Its central Worcester location ensures excellent accessibility for businesses seeking to serve the Greater Worcester area and beyond. This is an ideal opportunity for developers and businesses seeking a well-situated, readily-accessible lot in a thriving Massachusetts market. The property's size, utilities, and location combine to create a compelling investment prospect. The 01610 zip code further enhances its appeal.

    Property Features for 31 Canterbury St

    General Information

    Property type
    Land
    Lot Size
    3,833 SF

    HighLights

    • 0.088‑acre lot in Worcester, MA.
    • City water and sewer, natural gas (National Grid), and electricity (National Grid).
    • 50 feet of frontage on Canterbury Street.
    • MG‑2 zoning.
    • Excellent access to major roadways (Routes 122A, 146, I‑290, I‑190).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.81248314
    Latitude
    42.24999045

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    FAQs

    What type of property is this?
    Land - 0.088-acre lot, prime Worcester location.
    Where is this land located?
    The property is located at 31 Canterbury St Worcester, MA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 0.088-acre lot in Worcester, MA.; City water and sewer, natural gas (National Grid), and electricity (National Grid).; 50 feet of frontage on Canterbury Street.
    Request Owner's contact information
    31 Canterbury St Worcester, MA 01610
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    Worcester, MA 01610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31 Canterbury St Worcester, MA 01610
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