405 Grafton St Worcester, MA 01604-3819
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BL-1 · Worcester, MACosts & 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.