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Property profile & analytics
OFF-MARKET Estimated value $500,000
Commercial real estate

401 Main St Worcester, MA 01608-1706

11,280 SF 0.07 ac lot Built 1890
Individually Owned 7-yr Hold Free & Clear
Property ID
US38-0211513
Property summary
AI-generated overview

This exceptional commercial property at 401 Main Street in Worcester, Massachusetts, offers 14,500 square feet of completely vacant space, ideal for multiple tenants. The building is zoned BG-6 and located in Worcester County (zip code 01608). Flexible layouts accommodate businesses seeking between 3,500 and 11,000 contiguous square feet. The property's rich history, having housed numerous successful businesses for over 167 years, provides a unique opportunity to become part of the revitalized Main Street district. This is a rare chance to establish a presence in a landmark building with a proven track record. The building's substantial size and flexible floor plans cater to a variety of business needs, from small executive offices to larger commercial enterprises. The property is currently entirely vacant, presenting a blank canvas for a new tenant or a collection of tenants to shape the space to their specific requirements. The strategic location on Main Street in downtown Worcester offers excellent visibility and accessibility. This is a remarkable opportunity to secure a prominent location in a thriving urban center. The property type is listed as Retail and Office, with the subtype specified as Executive Office and Commercial.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1890
Total area 11,280 SF
Lot 0.07 ac (3,109 SF)
Zoning code BG-6
APN WORC M:02 B:025 L:004-4
UPID US38-0211513
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
  • 7 day Credit Repair Results Financial Advisor
  • Bank of America Video Banking Bank Loan Service
  • Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$308k
Blend (final) Blend
$500k
Owner & transaction history
403 Main Street Ptrs · 7 yrs held
403 Main Street Ptrs
since 2018
5 recorded transactions
2018
Price N/A
2018
Price N/A
2001
$140,000
1998
Price N/A
1997
Price N/A
Zoning & alternative use
BG-6 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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