Property profile

31 Canterbury St Worcester, MA 01610

FOR SALE
Industrial land
Property ID
US38-1309533
3,428 SF 0.09 ac lot Built 1935
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,428 SF
Lot 0.09 ac (3,854 SF)
Zoning code MG-2
APN WORC M:07 B:026 L:0011A
UPID US38-1309533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31 Canterbury St Worcester, MA 01610
Worcester metro Census 733000 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2014
4 recorded transactions
2019
Price N/A
2014
$265,000
2005
$130,000
2003
Price N/A

Zoning & alternative use

MG-2 · Worcester, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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