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Property profile & analytics
OFF-MARKET
Commercial land

405 Grafton St Worcester, MA 01604-3819

0.87 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US38-1374623
Property summary
AI-generated overview

This exceptional 0.87-acre commercial land parcel, located at 405 Grafton Street in Worcester, Massachusetts, presents a unique opportunity for developers. Situated in Worcester County, zip code 01604, this property offers significant potential for various commercial ventures. The lot encompasses approximately 37,806 square feet, providing ample space for a wide range of development projects. The zoning designation is BL-1.0, which allows for limited business uses. This versatile property is ideally suited for a built-to-suit development, a ground lease arrangement, or outright sale. Its strategic location in Worcester offers excellent access to transportation networks and a thriving local economy. The property's size and zoning make it an attractive investment for businesses seeking to establish a presence in this dynamic market. Interested parties are encouraged to explore the possibilities this prime Worcester location offers. The latitude and longitude coordinates are 42.253792 and -71.78289 respectively. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.87 ac (37,806 SF)
Zoning code BL-1
APN WORC M:18 B:004 L:00012
UPID US38-1374623
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
405 Grafton LLC · 2 yrs held
405 Grafton LLC
since 2023
Last sale
$190,000
3 recorded transactions
2023
Price N/A
2019
Price N/A
2005
$190,000
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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