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Property profile & analytics
FOR LEASE
Parking lots & garages

140 Goddard Memorial Dr Worcester, MA 01603

5.33 ac lot Built 2013
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-0698073
140 Goddard Memorial Dr, Worcester, MA 01603 For Lease
$9,285,000
140 Goddard Memorial Dr, Worcester, MA 01603
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Property summary
AI-generated overview

This exceptional 20,000-square-foot industrial property, located at 140 Goddard Memorial Drive in Worcester, Massachusetts, presents a significant opportunity for businesses seeking versatile space. The property boasts a single-tenant occupancy, offering complete control and flexibility. The building's diverse functionality encompasses refrigerated/cold storage, manufacturing, warehouse, and distribution capabilities, making it ideal for a wide range of operations. Situated on a generous 5.33-acre lot, the property provides ample outdoor storage space, perfectly complementing the substantial indoor area. With 522 parking spaces available, employee and visitor parking is never a concern. The property is located in Worcester County, MA, zip code 01603, offering convenient access to major transportation routes. The building is currently vacant, presenting a blank canvas for a tenant to customize the space to their exact specifications. This is a rare opportunity to secure a large, versatile industrial property in a prime location. The property's size and features make it suitable for build-to-suit projects, allowing for tailored design and construction to meet specific business needs. This is an exceptional opportunity for a company seeking a significant footprint in a strategic location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 2013
Lot 5.33 ac (232,174 SF)
Zoning code A-1
APN WORC M:56 B:010 L:0003A
UPID US38-0698073
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
  • WSU Satellite Resident Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.71M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.29M
Owner & transaction history
140 Goddard Mem Dr Ind · 4 yrs held
140 Goddard Mem Dr Ind
since 2021
Last sale
$9.6M
6 recorded transactions
2023
Price N/A
2021
$9.6M
2017
Price N/A
2013
$750,000
2013
$260,000
1998
$99,000
Zoning & alternative use
A-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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