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    49 James St Worcester, MA 01603

    For Lease
    Contact for pricing

    2.4 Acres, Up to 6,000 SF

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.4-acre commercial land parcel presents a unique opportunity in the thriving Worcester, MA market. Located at 49 James Street, zip code 01603, this property offers up to 6,000 square feet of development potential for retail, office, or a combination thereof. The site is ideally suited for a drive-thru establishment, adding significant value and convenience. Its prime location offers excellent visibility and accessibility, benefiting from its adjacency to the recently opened (October 2021) Lucky Pick Self Storage. This strategic positioning ensures high traffic flow and exposure to a substantial customer base. The property boasts a strong retail environment, surrounded by established businesses including Shaw's, Dunkin', CVS, H&R Block, Dollar Tree, and other successful retailers. This presents a compelling opportunity for developers seeking a well-located site with significant potential for growth and return on investment in a bustling commercial area. The property is zoned for commercial use and is ready for immediate development. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a prime commercial land parcel in a high-demand location. Don't miss out on this chance to build your business in a thriving Worcester neighborhood.

    Property Features for 49 James St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucky Pick Self ... Self-Storage Facility MODERN REMODEL BUILD ... General Contractor

    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
    -71.8494201
    Latitude
    42.2339317

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    FAQs

    What type of property is this?
    Land - 2.4 Acres, Up to 6,000 SF
    Where is this land located?
    The property is located at 49 James St Worcester, MA.
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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 James St Worcester, MA 01603
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