277 Providence St, Worcester, MA 01607-1109
This exceptional 2.4-acre commercial lot presents a unique investment opportunity in Worcester, Massachusetts. Strategically located at a newly constructed four-way signalized intersection overlooking Route 146, this corner lot boasts unparalleled visibility and accessibility. The property's prime location is directly opposite a 43-acre shopping center anchored by a Super Walmart, ensuring high traffic volume and exposure to a substantial consumer base. Its adjacency to a new highway off-ramp further enhances its convenience and appeal. The site is situated within a densely populated area of Worcester, close to Holy Cross and Quinsigamond Village, providing a large pool of potential customers. The high daily traffic count on Route 146 (55,216 vehicles per day in 2015) underscores the significant potential for attracting customers. With a daytime population of 244,600 within a five-mile radius, this property offers a robust market for various commercial ventures. Ideal uses include restaurants, small to mid-box retail establishments, gas stations, and hotels. Multiple single-tenant uses are also feasible, making this a versatile and highly desirable location for commercial development. The property is located at 277 Providence Street, Worcester, MA 01607, in Worcester County.
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
Property description
Physical attributes from public recordsZoning & alternative use
BG-2 · 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.