Property profile

0 Park Ave & Chandler St Worcester, MA 01602

OFF-MARKET
Retail properties & Spaces
81,500 SF
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Property summary

AI-generated overview

This proposed development offers 81,500 square feet of prime retail space in Worcester County, ideally situated at the intersection of Park Avenue and Chandler Street. The property is a free-standing building with multiple tenancy options, offering flexibility for businesses of various sizes. Spaces are available from a minimum of 6,500 square feet up to a maximum contiguous space of 75,000 square feet, allowing for customization to suit individual needs. Currently, the entire 81,500 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses. The property boasts ample parking with 511 spaces available, ensuring convenient access for customers and employees. High traffic counts further enhance the property's appeal, with 26,400 cars passing daily on Park Avenue and 14,600 on Chandler Street. An existing 17,750 square foot liquor store is also part of the development, providing an established presence and potential synergy for complementary businesses. This location offers exceptional visibility and accessibility, making it an ideal choice for retailers seeking a high-impact presence in a busy commercial area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 81,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Park Ave & Chandler St Worcester, MA 01602
Worcester metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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