Property summary
This exceptional redevelopment opportunity presents a 15,000 square foot, two-story building situated on a 2.07-acre site in Worcester, Massachusetts. The property includes two additional paved, unimproved parcels, totaling approximately 0.48 acres, resulting in roughly 800 feet of combined frontage. All three parcels are under common ownership and are available for sale individually or as an assemblage. The location offers immediate access to the vibrant Canal District and is conveniently within walking distance of Polar Park, home to the Worcester Red Sox. Zoned BG-6.0, this business-friendly commercial zone allows for a diverse range of high-demand uses, including multi-family residential development (with potential for 300+ units), medical facilities, office space, retail establishments, restaurants, entertainment venues, cannabis businesses, and life sciences facilities. This presents a significant upside for investors and developers seeking a prime location in New England's second-largest city. The property's size and zoning flexibility make it an attractive investment for those looking to capitalize on Worcester's growing economy and dynamic urban landscape. The combined acreage and extensive frontage provide ample space for a large-scale development project. The proximity to Polar Park and the Canal District further enhances the property's desirability and potential for high returns.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
MG-2 · Worcester, MAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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