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    89 Green St Worcester, MA 01604

    For Lease
    $35 SF/Yr

    Prime 2,000 sq ft retail space in vibrant Canal District.

    Lot size:
    113,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 2,000-square-foot retail space is located at 89 Green Street in Worcester, Massachusetts, within the highly anticipated Cove Development. Situated in the bustling Canal District, this property offers unparalleled visibility with 75 feet of impressive window frontage on a street known for its high pedestrian traffic. The space is part of a mixed-use development encompassing 173 market-rate apartments, a 16,000-square-foot Flatbread Pizza/Bowling Alley, and a rooftop bar, creating a dynamic and vibrant environment. The entire Cove Development totals 113,926 square feet and sits on a 1.01-acre lot, providing ample space and opportunity. The building features 99 total parking spaces for convenient customer access. This single-suite retail space is currently vacant and ready for immediate occupancy. The property is classified as Commercial, Special Purpose, and School, offering flexibility for a variety of uses. Anticipated completion and pre-leasing are slated for the second quarter of 2024. This location offers stunning views of Polar Park, further enhancing its appeal and attracting a diverse customer base. The property's prime location and the surrounding development's amenities make this an exceptional opportunity for a business seeking high visibility and a thriving community. The address is 89 Green Street, Worcester, MA 01604, in Worcester County.

    Property Features for 89 Green St

    General Information

    Property type
    Schools
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    113,926 SF
    Total Rate
    332284.17

    Unit(s) available at that property

    Space
    Corner Retail Space
    Size
    2,000 SF
    Rate per SF
    $35

    HighLights

    • State‑of‑the‑art fitness center.
    • Outdoor fire pits.
    • Resident lounge.
    • Bowling alley.
    • Clubroom with Polar Park ticket booth.
    • Resident courtyard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7983198
    Latitude
    42.2578086

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    FAQs

    What type of property is this?
    School - Prime 2,000 sq ft retail space in vibrant Canal District.
    Where is this school located?
    The property is located at 89 Green St Worcester, MA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: State-of-the-art fitness center.; Outdoor fire pits.; Resident lounge.
    Request Owner's contact information
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    Worcester, MA 01604
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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
    89 Green St Worcester, MA 01604
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