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    49 Upland St Worcester, MA 01607

    Sponsored
    For Sale
    $2,950,000

    Prime Worcester development site, 118 units approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.25-acre commercial land parcel, located at 49 Upland Street in Worcester, Massachusetts, presents a unique investment opportunity. Zoned RL-7.0, the property boasts conditional approvals for the construction of two multi-family residential apartment buildings, totaling 118 units. The development plan includes approximately 200 surface parking spaces, catering to residents' needs. Adding to the property's appeal is a planned 11,000 square foot dog park, a valuable amenity in today's market. Its strategic location offers convenient access to major transportation arteries, including the Route 146 and Mass Pike (I-90) connector, placing it within minutes of downtown Worcester and the College of the Holy Cross. The asking price for this remarkable development opportunity is $2,950,000. Detailed engineered plans are available for review. This property represents a compelling chance to capitalize on the growing demand for residential housing in a vibrant and well-connected location. The zip code is 01607.

    Property Features for 49 Upland St

    General Information

    Property type
    Land
    Lot Size
    272,250 SF

    HighLights

    • 118 Units Approved for Occupancy
    • High‑Demand Location with Strong Rental Potential
    • Modern Amenities Attract High‑Quality Tenants
    • Excellent Property Condition and Strong Cash Flow
    • Strategic Investment Opportunity with Significant ROI Potential
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7919027
    Latitude
    42.232124

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    FAQs

    What type of property is this?
    Land - Prime Worcester development site, 118 units approved.
    Where is this land located?
    The property is located at 49 Upland St Worcester, MA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 118 Units Approved for Occupancy; High-Demand Location with Strong Rental Potential; Modern Amenities Attract High-Quality Tenants
    (508) 635-6784
    Request Owner's contact information
    49 Upland St Worcester, MA 01607
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    Worcester, MA 01607
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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
    49 Upland St Worcester, MA 01607
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