$25 SF/Yr 2,500 SF available

56 Franklin St, Worcester, MA 01608
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A street-level corner retail storefront featuring a customer-facing layout with wraparound windows for natural light and street exposure. The space includes a built-in counter, a rear kitchen area, and a walk-in cooler, with approximately 600 square feet of basement storage. Located at 56 Franklin St in Downtown Worcester, the storefront overlooks Worcester Common and is situated in a dense, street-level setting with surrounding residential growth and ongoing development. The property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?

Assessed value · 2024$1.89M

Assessed land$236k

Assessed improvement$1.66M

Value estimate

· Nov 2026

$1.71M

$1.54M – $1.88M

NOI build-up

Gross scheduled income$53k

Vacancy & credit loss−$3k

Operating expenses−$15k

NOI$34k

Realmo valuation models over county records and 6 qualifying comparable sales.

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

Qualifying comparables6

Cap rate analysis

How does the asset earn?

$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

56 Franklin St Worcester, MA 01608

County assessor Recorded deeds · 11 transfers 6 qualifying comp sales 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

6 recorded sales · 10 properties nearby

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

50 Franklin, Worcester, MA 01608-1933 $9,370,000 Mar 2020 236,409 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

Value Estimation
$1,720,000

15,435 SF

426 Main St

OFFICE/RESIDENTIAL (MIXED USE)

426 Main St, Worcester, MA 01608-1707

View Details
Value Estimation
$1,620,000

14,652 SF

154 Main St

OFFICE/RESIDENTIAL (MIXED USE)

154 Main St, Worcester, MA 01608

View Details
Value Estimation
$1,695,000

24,861 SF

66 Franklin St

OFFICE/RESIDENTIAL (MIXED USE)

66 Franklin St, Worcester, MA 01608-1903

View Details
Value Estimation
$2,920,000

28,300 SF

72 Franklin St

OFFICE/RESIDENTIAL (MIXED USE)

72 Franklin St, Worcester, MA 01608-1903

View Details
Value Estimation
$1,155,000

11,549 SF

90 Commercial St

OFFICE/RESIDENTIAL (MIXED USE)

90 Commercial St, Worcester, MA 01608-1525

View Details
Value Estimation
$1,085,000

10,815 SF

240 Main St

OFFICE/RESIDENTIAL (MIXED USE)

240 Main St, Worcester, MA 01608-1202

View Details

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56 Franklin St Worcester, MA 01608

Property summary