17 Mountain St Worcester, MA 01606
- Retail properties
- 12,354 SF
- 1.35 lot acres
Current Use by Public Records
- Waggerz' Lounge / Dog Day Care Center / Dog Trainer
- Bushel ‘n Peck Summit / Sandwich Shop
- The Vault Worcester, MA • Adult Use Cannabis Dispensary / Cannabis Store
- The Vault / Cannabis Store
Property Details for 17 Mountain St
- Year built
- 1960
- Lot size
- 1.35 lot acres
- Property size
- 12,354 SF
- Property type
- Retail properties
Description
This exceptional 12,354 square foot retail property, located at 17 Mountain Street East in Worcester, Massachusetts, presents a compelling investment opportunity. The property boasts three retail units, all currently 100% occupied by long-term tenants under NNN leases, ensuring stable income and significant potential for future rent increases. Built in 1960 and situated on a 1.35-acre lot, the building features 40 surface parking spaces, providing ample convenience for customers and employees. The property benefits from a prime location on a heavily trafficked road, with approximately 14,000 vehicles passing daily, and is strategically positioned near the intersection of East Mountain Street and West Boylston Street, less than a mile from I-90. Its high visibility and strong curb appeal are further enhanced by many recent significant upgrades. The property's proximity to Quinsigamond Community College, experiencing a 20% enrollment increase, adds to its long-term growth potential. The permitted zoning is BL-1, and the property is easily accessible to a population of approximately 165,000 within a 5-mile radius. This well-maintained, multi-tenant retail building offers a rare combination of strong current income, significant upside potential, and a desirable location in a thriving Worcester market. The asking price is $2,700,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.792
- Latitude
- 42.324
