0 Park Ave & Chandler St, Worcester, MA 01602
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.
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
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.