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Property profile & analytics
OFF-MARKET Estimated value $54,135,000
Commercial real estate

525 Lincoln St Worcester, MA 01605-1905

524,527 SF 45.16 ac lot Built 1971
Individually Owned 19-yr Hold Free & Clear
Property ID
US38-0628331
Property summary
AI-generated overview

Lincoln Plaza, located at 525 Lincoln Street in Worcester, Massachusetts (zip code 01605), offers multiple retail spaces for lease. This power center boasts a prime location, conveniently accessible off I-290 and Lincoln Street, within a densely populated area. The available spaces range from 1,439 square feet to 44,954 square feet, providing options for businesses of various sizes. Two notable spaces are immediately available: a 1,700 square foot former nail salon and a 6,288 square foot former restaurant, both offering high visibility due to their prominent placement within the center. The center is anchored by a Stop & Shop grocery store and features a strong tenant mix of national brands, including Target, Lowe's, TJ Maxx, HomeGoods, Michaels, Planet Fitness, Five Guys, and Dunkin'. This established center provides an excellent opportunity for businesses seeking high traffic and visibility in a thriving Worcester location. The property is categorized as Retail, Restaurant, and Special Purpose, with the available spaces suitable for various uses. The property is situated in Worcester County, Massachusetts. The precise latitude and longitude coordinates are 42.2942584, -71.7738323.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Total area 524,527 SF
Lot 45.16 ac (1,967,169 SF)
Zoning code BL-1
APN WORC M:39 B:030 L:00050
UPID US38-0628331
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
  • Five Guys Restaurant Take-out & Catering
  • Lincoln Plaza Shopping Center & Mall
  • Quick Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$50.70M
Comparable Approach Comparable
$63.13M
Blend (final) Blend
$54.14M
Owner & transaction history
Western Worc Lincoln Plz · 19 yrs held
Western Worc Lincoln Plz
since 2007
2 recorded transactions
2007
$18.8M
2006
Price N/A
Zoning & alternative use
BL-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $89.7M +34.2%
Retail stores $76.6M +14.7%
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