Property profile

1125 Main St Worcester, MA 01603

FOR LEASE
Turn key restaurants
Property ID
US38-0833998
5,238 SF 0.16 ac lot Built 1910
Individually Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 1125 Main Street in Worcester, Massachusetts, presents a unique opportunity for a retail or restaurant business. The building, totaling 5,238 square feet, is situated in the vibrant Webster Square area and offers excellent visibility from Main Street, Stafford Street, and Park Street. Currently, 5,200 square feet is available for lease across two floors, providing ample space for a variety of uses. The property boasts 14 convenient on-site parking spaces, ensuring easy access for customers and employees. Previously occupied by a long-standing deli, this building is ready for a new tenant to establish their presence in this high-traffic location. The building's classification is commercial, with a multiple tenancy structure. The property is located in Worcester County, MA, zip code 01603. This is an ideal opportunity for a business seeking a well-established location with high visibility and ample parking in a bustling Worcester neighborhood. The property's address is 1125 Main Street.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,238 SF
Lot 0.16 ac (7,067 SF)
Zoning code BG-2
APN WORC M:08 B:030 L:0003A
UPID US38-0833998

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency

Location

1125 Main St Worcester, MA 01603
Worcester metro Census 733102 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2014
5 recorded transactions
2014
$500,000
1991
$136,000
1991
Price N/A
1988
$20,000
1987
$195,000

Zoning & alternative use

BG-2 · Worcester, MA

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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More about this property
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