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    120 Washington St Worcester, MA 01608

    For Lease
    Contact for pricing

    Freestanding Mixed-Use, 9,000 SF Available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Worcester, MA property at 120 Washington Street presents a unique investment opportunity. The freestanding mixed-use building boasts a total of 30,000 square feet across three buildings, situated on a generous four-acre lot. Currently, there is 9,000 square feet of vacant retail space available, perfect for a variety of uses. The property features multiple suites within the building, offering flexibility for different business needs. The location is highly desirable, with convenient access to ample parking

    Property Features for 120 Washington St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF

    Building Details

    Buildings
    3

    Unit(s) available at that property

    Space
    153 Green Street
    Size
    9,000 SF

    HighLights

    • High‑visibility retail space directly across from Polar Park's main entrance on busy Madison Street.
    • Four‑acre site immediately adjacent to the new Polar Park.
    • 30,000 square feet of new street‑level retail space.
    • 460‑unit apartment complex in three buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Same Day Dumpster ... Waste Management Service Electrical Maintenance Services ... Electrician

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -71.8022812
    Latitude
    42.261272

    Nearby Similar for Lease

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      Loft Style Office for Lease

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    FAQs

    What type of property is this?
    Retail property - Freestanding Mixed-Use, 9,000 SF Available
    Where is this retail property located?
    The property is located at 120 Washington St Worcester, MA.
    What are key features of this property?
    This property features: High-visibility retail space directly across from Polar Park's main entrance on busy Madison Street.; Four-acre site immediately adjacent to the new Polar Park.; 30,000 square feet of new street-level retail space.
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    Worcester, MA 01608
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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
    120 Washington St Worcester, MA 01608
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