48 Millbury St Worcester, MA 01610
This single-tenant, 6,955 square foot commercial property at 48 Millbury Street in Worcester, MA, 01610 presents a compelling opportunity. The building, constructed in 1900 and renovated in 2022, is classified as Class D and features a traditional office layout across one story. Currently, 1,750 square feet are vacant, offering significant potential for a variety of businesses. The property includes an ADA-compliant bathroom. Public parking is conveniently located within 200 feet, with ample street parking also available. The building's location is highly advantageous, situated near Polar Park and surrounded by new residential developments, ensuring high foot traffic and a thriving community. This vibrant area offers excellent visibility and accessibility for any business. The available space is ideal for retail, office, or service-based ventures. A three-year lease is available, requiring first, last, and security deposits. The property's proximity to new housing and Polar Park makes it an exceptional investment in a rapidly growing neighborhood. This 1,750 square foot space offers a chance to establish a business in a prime Worcester location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.