118 Cambridge St Worcester, MA 01603-2370
- Super regional malls
- 10,825 SF
- 0.86 lot acres
Current Use by Public Records
- Aretha's Kitchen / Restaurant
- Back In The Day Pastry Shoppe, Inc. / Bakery
- Cambridge Coin-Op Laundry & Dry Clean / Laundromat / Dry Cleaner
- Cookies Worcester Dispensary / Clothing Store / Men'S Clothing Store
- Worcester, MA / Roofing Contractor
Property Details for 118 Cambridge St
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.86 lot acres
- Property size
- 10,825 SF
- Zone code
- ML20
- Property type
- Super regional malls
- APN
- WORC M:08 B:034 L:00005
- APU
- WORCM08B034L00005
Description
This exceptional retail property located at 118 Cambridge Street in Worcester, Massachusetts, offers a fantastic opportunity for businesses seeking flexible and adaptable space. Situated in Worcester County, this property boasts a total of 2,961 square feet, currently entirely vacant and ready for immediate occupancy. The space is divisible, with a minimum leasable area of 1,353 square feet and a maximum contiguous space of 1,608 square feet, providing options to suit various business needs and sizes. This makes it ideal for a single large tenant or multiple smaller businesses seeking a collaborative environment. The property is classified as commercial retail and offers multiple tenancy options. The address is 118 Cambridge Street, Worcester, MA 01603. Its convenient location within Worcester County provides excellent access to local amenities, transportation routes, and a strong customer base. This is a rare opportunity to secure a well-positioned retail space in a thriving Worcester market. The property is ready for immediate occupancy, allowing businesses to quickly establish their presence and begin operations. Interested parties are encouraged to inquire further to explore the possibilities this versatile space offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $580,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $650,000
- Retail
- $655,000
- Mixed-Use
- $620,000
- Hospitality
- $590,000
- Educational
- $595,000
- Residential Income
- $560,000
- Energy
- $540,000
- Income-Based Land
- $525,000
- Food Service
- $575,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8263
- Latitude
- 42.2432
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
