Financial
Distress signals
Property profile

50 Franklin St Worcester, MA 01608

OFF-MARKET
Other investment properties
Property ID
US38-2326765
236,409 SF 0.78 ac lot Built 1912
Last sale Nov 2004 · $9,370,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years.
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Property summary

AI-generated overview

Restaurant space is located at 50 Franklin St in downtown Worcester within a mixed-use building on the corner of Franklin and Portland Streets, overlooking Worcester Common. The available portion is approximately 6,818 SF of second-generation interior space and is designed to be subdivided to accommodate different operating layouts. The space is configured with a fully built-out commercial kitchen and a bar area equipped with 40 tap lines. The building also contains 250 residential units,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$18.73M
Assessed land$3.19M
Assessed improvement$15.55M

Value estimate

· Sep 2026
$11.14M
$10.03M – $12.25M
AI approach$11.34M
Submarket $/SF estimate$9.80M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
Submarket average, outlier-cleaned · 212 recorded sales of this use type
Observed band · Q1–Q3$70 – $152

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BG-6
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Veterinary Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Veterinary Clinic9.0
Butcher8.5
Pet Store8.4

Location

50 Franklin St Worcester, MA 01608-1933
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 9 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
588 Main, Worcester, MA 01608-2014 $6,000,000 Jan 2024 34,843 SF
600 Main, Worcester, MA 01608-2061 $41,400,000 Dec 2023 241,620 SF
507 Main, Worcester, MA 01608-1815 $5,915,000 Mar 2020 76,790 SF
66 Franklin, Worcester, MA 01608-1903 $1,550,000 Mar 2020 24,861 SF
426 Main, Worcester, MA 01608-1707 $460,000 Jan 2019 15,435 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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