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    OFF-MARKET
    Retail properties & Spaces

    0 Park Ave & Chandler St, Worcester, MA 01602

    81,500 SF
    Property ID
    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
    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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