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Financial
Distress signals
Property profile

120 Washington St Worcester, MA 01608

FOR LEASE
Other warehouses
Property ID
US38-0272719
27,556 SF 0.37 ac lot Built 1945
Last sale Apr 2023 · $734,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
120 Washington St, Worcester, MA 01608 For Lease 1 / 6
$760,000 1,777 SF available
120 Washington St, Worcester, MA 01608
View Listing

Property summary

AI-generated overview

Street-level retail space totaling 1,777 square feet is located within an 83-unit apartment building on a hard corner of a 4-acre site. The site is part of the redevelopment of the former Table Talk Pies factory and is planned to include a total of 460 apartment units, approximately 30,000 square feet of additional retail space, and a 560-car parking garage. The retail space is positioned directly opposite the main entrance gate to Polar Park on Madison Street.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$62k
Tax billed · 2024
Assessed value$2.06M
Assessed land$573k
Assessed improvement$1.49M
Effective rate3.00%

Value estimate

· Oct 2026
$760k
$684k – $836k
AI approach$975k
Submarket $/SF estimate$1.13M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 104 recorded sales of this use type
Observed band · Q1–Q3$46 – $162

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
MG-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop33.5
Building Supply31.2
Pharmacy25.9

Location

120 Washington St Worcester, MA 01608
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
50 Lagrange, Worcester, MA 01610-1536 $1,332,270 Jun 2025 29,772 SF
42 Lagrange, Worcester, MA 01610-1536 $1,332,270 Jun 2025 14,240 SF
25 Southgate, Worcester, MA 01610-1717 $7,500,000 Oct 2024 51,472 SF
17 Hermon, Worcester, MA 01610 $1,000,000 Apr 2024 30,737 SF
11 Pitt, Worcester, MA 01610 $3,309,146 Oct 2022 40,067 SF
33 Hermon, Worcester, MA 01610-1519 $540,000 Jun 2020 43,316 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $845,000
    30,737 SF
    17 Hermon St
    MANUFACTURING (LIGHT)
    17 Hermon St, Worcester, MA 01610
    View Details
  • Value Estimation
    $1,915,000
    21,394 SF
    2 Cambridge St
    MANUFACTURING (LIGHT)
    2 Cambridge St, Worcester, MA 01610
    View Details
  • Value Estimation
    $1,110,000
    40,307 SF
    47 Lagrange St
    MANUFACTURING (LIGHT)
    47 Lagrange St, Worcester, MA 01610-1537
    View Details
  • Value Estimation
    $1,045,000
    40,592 SF
    1st Appian Way
    WAREHOUSE, STORAGE
    1st Appian Way, Worcester, MA 01610-2901
    View Details
  • Value Estimation by Request
    43,316 SF
    33 Hermon St
    MANUFACTURING (LIGHT)
    33 Hermon St, Worcester, MA 01610-1519
    View Details
  • Value Estimation
    $1,650,000
    66,604 SF
    665 Cambridge St
    WAREHOUSE, STORAGE
    665 Cambridge St, Worcester, MA 01610-2631
    View Details

Similar Nearby for Sale

  • New
    $299,900
    33,546 SF
    Worcester Industrial Redevelopment Opportunity
    1.43-acre industrial property with redevelopment potential near downtown Worcester.
    119 Dewey St, Worcester, MA 01610
    View Details
  • New
    $999,000
    10,000 SF
    Industrial Flex Building with Loading Dock
    Flex and industrial space includes a loading dock, 12–16’ clear height, 3-phase power, and updated systems with ADA bathrooms.
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    View Details
  • New
    $2,100,000
    Flex Space with Garage Bays
    BG-3 zoning and a mix of office, conference, and garage areas shape the building’s commercial layout.
    163 Washington Street, Worcester, MA 01610
    View Details

Similar in This City for Lease

  • Contact for pricing
    5,000 sqft
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    Industrial unit includes two truck-height loading docks, 13' clear height, and about 1,000 sq. ft. of office space.
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  • New
    $9 SF/Yr
    Brooks Street Flex/Industrial/Office Space
    6,400 SF building suitable for industrial, office, or flex uses.
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    View Details
  • New
    $9 SF/Yr
    18,923 sqft
    Industrial Warehouse with Office Space
    The combined industrial and office layout can accommodate manufacturing, distribution, and service operations.
    11 Blackstone River Road, Worcester, MA 01608
    View Details
  • New
    $9.50 SF/Yr
    40,725 sqft
    Clear-Span Industrial Manufacturing Facility
    Light manufacturing zoned facility with clear-span production and high-bay warehouse plus integrated office component.
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    View Details
  • Contact for pricing
    41,040 sqft
    Manufacturing Facility with Cranes
    Industrial facility combines production space, loading access, substantial power, and dedicated offices.
    28 Bowditch Dr, Worcester, MA 01545
    View Details
  • New
    $7 SF/Yr
    Warehouse and Powerhouse Facility
    Industrial space combines warehouse and powerhouse facilities for lease.
    12 Brussels Street, Worcester, MA 01610
    View Details
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