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Property profile & analytics
FOR LEASE
Commercial land

234 Brooks St Worcester, MA 01606

0.99 ac lot
Individually Owned 19-yr Hold
Property ID
US38-0005522
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Charlton, Massachusetts. Strategically located at the northeast quadrant of a four-way signalized intersection on Route 20, this property boasts over 200 feet of prime road frontage. Its commercially zoned status allows for a wide range of development possibilities, making it ideal for various commercial ventures. Envision a gas station and convenience store, a new bank branch, a retail strip mall, or a modern office building. The high-growth community of Charlton is currently underserved by retail services, creating significant potential for a successful business. The property's location at a highly visible intersection ensures maximum exposure and accessibility, attracting a large customer base. With an average daily traffic count of 21,200 vehicles, this site offers unparalleled visibility and accessibility. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving community with significant growth potential. The asking price is $500,000. The property's address is 6 Oxbow Road, Charlton, MA 01507, located in Worcester County.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.99 ac (42,963 SF)
Zoning code CB
APN CHAR M:0038 B:000A L:0000001
UPID US38-0005522
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Oxbow Road RT · 19 yrs held
Oxbow Road RT
since 2007
3 recorded transactions
2007
$220,000
2003
Price N/A
2002
Price N/A
Zoning & alternative use
CB · Charlton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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