258 Park Ave Worcester, MA 01609-1927
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.
-
Havana Nights Restaurant and Lounge Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BG-3 · Worcester, MAWorcester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.