1191 Millbury St, Worcester, MA 01607-1414
- Retail space
- 9,723 SF
- 1.38 lot acres
Current Use by Public Records
- 24/7 Plumbers / Plumbing Service / General Contractor
- Resinate Dispensary / (Bike/Boat/Book/etc) Store
Property Details for 1191 Millbury St
- Year built
- 1998
- Construction
- STEEL FRAME
- Lot size
- 1.38 lot acres
- Zone code
- MG-1
- Property type
- Retail space
- APN
- WORC M:31 B:003 L:002+3
- APU
- WORCM31B003L0023
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 15, 2025 | $2,750,000 | Efp Global Holdings LLC | Sig RT | Deed | $2.1M · Cornerstone Bank |
| Nov 15, 2019 | — | Sig RT | — | Deed · related | $500k · Century Bank & Trust |
| May 9, 2019 | $1,100,000 | Sig RT | Dmp Properties LLC | Quit Claim Arm's Length For Ne States | $500k · Dmp Properties LLC |
| Jun 21, 2016 | $685,000 | Dmp Properties LLC | Mazzeo Enterprises INC | Quit Claim Arm's Length For Ne States | $548k · Millbury Savings Bank |
Description
This exceptional investment opportunity presents a 9,723-square-foot flex space building located at 1191 Millbury Street in Worcester, Massachusetts. The property, built in 1998, is a Class B, two-story structure situated on a 1.38-acre lot and zoned MG-1. Currently 100% occupied by a single tenant under a Net Net Net (NNN) lease expiring May 30, 2029, this property offers a secure, long-term investment. The lease includes rent bumps, ensuring consistent income growth. The building features 20 parking spaces and benefits from excellent highway access, less than half a mile from Route 146, with easy access to I-90, Route 20, and I-290. This prime location boasts a strong demographic profile, serving a 10-mile population of 400,000 with an average household income of $104,000. The tenant, Resinate Dispensary, has operated successfully at this location since 2019, benefiting from the proximity to major retailers like Walmart, Gamestop, GNC, and Greatclips. The asking price for this fee-simple ownership opportunity is $3,100,000. This is a core NNN investment with a five-year lease term providing stability and potential for appreciation.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,470,000
- AI Estimate
- $1,002,000
Market price range: $783k - $2.24MMarket price range: $534k - $1.44M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,420,000 Current use
- RESTAURANT
- $2,020,000 Change: +42% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,660,000 Change: +17% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,225,000 Change: -14% Conversion: Moderate
- OFFICE BUILDING
- $1,210,000 Change: -15% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,165,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7837
- Latitude
- 42.2214
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
