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    190 Grafton St Worcester, MA 01601

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    For Sale
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    Prime 1.54-Acre Retail Site

    Property size:
    67,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.54-acre commercial property at 190 Grafton Street in Worcester, Massachusetts, offers 67,118 square feet of development potential. Located in a high-traffic area with excellent visibility from I-290 and Route 122, this site benefits from its proximity to the Canal District and downtown Worcester. Zoned Business Limited 1 (BL-1), it allows for diverse commercial uses including retail, car washes, medical facilities, and low-rise multi-family housing. The property is part of a five-lot assemblage on a signalized city block directly abutting an I-290 off-ramp, ensuring exceptional access and exposure. Daily traffic counts average 20,693 vehicles (2003 data). Its location within the Commercial Corridor Overlay District provides additional development advantages. This prime location presents an ideal redevelopment opportunity for businesses or developers seeking a strategic site with significant visibility and accessibility. The property's size and zoning make it a highly attractive investment in a thriving Worcester neighborhood. This is a rare opportunity to acquire a substantial parcel in a densely populated area with strong traffic flow and convenient access to major transportation arteries.

    Property Features for 190 Grafton St

    General Information

    Property type
    Land
    Square Feet
    67,118 SF
    Lot Size
    67,082 SF

    HighLights

    • 1.54‑acre redevelopment opportunity for retail, car wash, medical, multi‑family, and other commercial uses.
    • Prime location at 190 Grafton Street (Route 122).
    • 1.54‑acre parcel within a 5‑lot assemblage on a signalized block adjacent to the I‑290 ramp.
    • Close proximity to the Canal District, Polar Park, and Downtown Worcester.
    • High‑traffic location with strong visibility (20,693 AADT in 2003).
    • BL‑1 zoning allows diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -71.8
    Latitude
    42.26

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    FAQs

    What type of property is this?
    Land - Prime 1.54-Acre Retail Site
    Where is this land located?
    The property is located at 190 Grafton St Worcester, MA.
    What are key features of this property?
    This property features: 1.54-acre redevelopment opportunity for retail, car wash, medical, multi-family, and other commercial uses.; Prime location at 190 Grafton Street (Route 122).; 1.54-acre parcel within a 5-lot assemblage on a signalized block adjacent to the I-290 ramp.
    Request Owner's contact information
    190 Grafton St Worcester, MA 01601
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    Worcester, MA 01601
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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
    190 Grafton St Worcester, MA 01601
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