Property summary
This exceptional 0.088-acre commercial and industrial land parcel, located at 31 Canterbury Street in Worcester, Massachusetts, presents a unique development opportunity. The approximately 6,500 square foot lot boasts a desirable location within Worcester, offering easy access to major transportation arteries including Route 122A, Route 146, I-290, and I-190, all within three miles. The property features approximately 50 feet of frontage on Canterbury Street and is conveniently serviced by city water and sewer, natural gas provided by National Grid, and electricity, also supplied by National Grid. The lot is primarily level, simplifying development plans. The property is zoned MG-2, providing flexibility for a range of commercial and industrial uses. Its central Worcester location ensures excellent accessibility for businesses seeking to serve the Greater Worcester area and beyond. This is an ideal opportunity for developers and businesses seeking a well-situated, readily-accessible lot in a thriving Massachusetts market. The property's size, utilities, and location combine to create a compelling investment prospect. The 01610 zip code further enhances its appeal.
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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