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Property profile & analytics
OFF-MARKET Estimated value $655,000
Super regional malls

118 Cambridge St Worcester, MA 01603-2370

10,825 SF 0.86 ac lot Built 1986
Entity Owned 9-yr Hold Free & Clear
Property ID
US38-0609493
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1986
Construction FRAME
Total area 10,825 SF
Lot 0.86 ac (37,388 SF)
Zoning code ML20
APN WORC M:08 B:034 L:00005
UPID US38-0609493
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
Current use
Occupant on record · Public records
  • Aretha's Kitchen Restaurant
  • Back In The Day Pastry Shoppe, Inc. Bakery Specialty Food Shop
  • Cambridge Coin-Op Laundry & Dry Clean (Bike/Boat/Book/etc) Store
  • Cookies Worcester Dispensary (Bike/Boat/Book/etc) Store
  • Worcester, MA Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$655k
Owner & transaction history
Ikemba Ents LLC · 9 yrs held
Ikemba Ents LLC
since 2017
3 recorded transactions
2023
Price N/A
2017
$675,000
1998
$550,000
Zoning & alternative use
ML20 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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