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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

48 Millbury St Worcester, MA 01610

6,955 SF Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1900
Total area 6,955 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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