You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $2,025,000
Retail space

258 Park Ave Worcester, MA 01609-1927

16,234 SF 0.54 ac lot Built 1910
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US38-2358630
Property summary
AI-generated overview

This exceptional 8,000 square foot retail property at 258 Park Avenue in Worcester, MA, presents a unique leasing opportunity. Currently offering 6,000 square feet of vacant space, this single-tenant building boasts a flexible layout adaptable to various retail or office uses. The space features two potential street-level storefronts, maximizing visibility and accessibility on the busy Park Avenue corridor. Built in 1910, the building sits on a generous 23,527 square foot lot. Parking is available via off-street and metered options, ensuring convenient access for customers and employees. The location provides unparalleled convenience, with easy access to major roadways including I-190, I-290, Route 12, and Route 140, making it easily accessible from all parts of the city. This property is situated in a thriving neighborhood, surrounded by a diverse mix of national retailers and local businesses, creating a vibrant and attractive environment for potential tenants. The available space ranges from 3,000 to 6,000 square feet, offering flexibility to suit a variety of business needs. This is an ideal location for businesses seeking high visibility and convenient access in a bustling Worcester County commercial district. The property's size and location make it a compelling investment opportunity for businesses looking to establish or expand their presence in a dynamic market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,234 SF
Lot 0.54 ac (23,527 SF)
Zoning code BG-3
APN WORC M:11 B:031 L:00023
UPID US38-2358630
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
  • Havana Nights Restaurant and Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.67M
Blend (final) Blend
$2.03M
Owner & transaction history
Sakhat Realty LLC · 17 yrs held
Sakhat Realty LLC
since 2008
2 recorded transactions
2008
$1.5M
1995
Price N/A
Zoning & alternative use
BG-3 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.8M +17.0%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 258 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message