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    256 Lincoln St Worcester, MA 01605

    Sponsored
    For Lease
    $14 SF/Yr ($6,333 /Mo)

    Worcester Retail Building - 5,429 SF

    Lot size:
    5,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,429-square-foot retail building at 256 Lincoln Street in Worcester, Massachusetts, presents a unique opportunity for a single tenant. Ideally located near UMass Memorial Hospital, this property boasts convenient access to major roadways including Route 9, I-290, I-190, and I-90, ensuring high visibility and accessibility for customers. The building previously housed a CVS Pharmacy for many years, offering a spacious, open floor plan adaptable to a variety of retail uses. The property features 10 off-street parking spaces, supplemented by ample metered street parking along Lincoln Street. The building's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area of Worcester. The entire 5,429 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to secure a well-situated, sizable retail space in a thriving Worcester neighborhood. The property is zoned for retail use and is ready for immediate occupancy. The address is 256 Lincoln Street, Worcester, MA 01605.

    Property Features for 256 Lincoln St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,429 SF
    Total Rate
    6333.83

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,429 SF
    Rate per SF
    $14

    HighLights

    • 5,429 SF retail building at 256 Lincoln Street, Worcester, MA.
    • Excellent location near UMass Memorial Hospital with easy access to major highways (Routes 9, I‑290, I‑190, I‑90).
    • Spacious, open floor plan, previously occupied by CVS Pharmacy.
    • 10 off‑street parking spaces plus ample street parking.
    • Currently vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm CVS Photo Passport Photo Processor MoneyGram Money Transfer Service Coinhub Bitcoin ATM ... Atm CVS Pharmacy Pharmacy

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7920417
    Latitude
    42.2843109

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    FAQs

    What type of property is this?
    Retail property - Worcester Retail Building - 5,429 SF
    Where is this retail property located?
    The property is located at 256 Lincoln St Worcester, MA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 5,429 SF retail building at 256 Lincoln Street, Worcester, MA.; Excellent location near UMass Memorial Hospital with easy access to major highways (Routes 9, I-290, I-190, I-90).; Spacious, open floor plan, previously occupied by CVS Pharmacy.
    Request Owner's contact information
    256 Lincoln St Worcester, MA 01605
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    Worcester, MA 01605
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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
    256 Lincoln St Worcester, MA 01605
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