Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Commercial land

    89 Green St, Worcester, MA 01604

    12,740 SF 0.08 ac lot Built 1910
    Entity Owned 5-yr Hold
    Property ID
    US38-2450933
    Property summary
    AI-generated overview

    This exceptional 2,000-square-foot retail space is located at 89 Green Street in Worcester, Massachusetts, within the highly anticipated Cove Development. Situated in the bustling Canal District, this property offers unparalleled visibility with 75 feet of impressive window frontage on a street known for its high pedestrian traffic. The space is part of a mixed-use development encompassing 173 market-rate apartments, a 16,000-square-foot Flatbread Pizza/Bowling Alley, and a rooftop bar, creating a dynamic and vibrant environment. The entire Cove Development totals 113,926 square feet and sits on a 1.01-acre lot, providing ample space and opportunity. The building features 99 total parking spaces for convenient customer access. This single-suite retail space is currently vacant and ready for immediate occupancy. The property is classified as Commercial, Special Purpose, and School, offering flexibility for a variety of uses. Anticipated completion and pre-leasing are slated for the second quarter of 2024. This location offers stunning views of Polar Park, further enhancing its appeal and attracting a diverse customer base. The property's prime location and the surrounding development's amenities make this an exceptional opportunity for a business seeking high visibility and a thriving community. The address is 89 Green Street, Worcester, MA 01604, in Worcester County.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1910
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 12,740 SF
    Lot 0.08 ac (3,543 SF)
    Zoning code MG-2
    APN WORC M:05 B:004 L:00002
    UPID US38-2450933
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.03M
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Gold Block Re LLC · 5 yrs held
    Gold Block Re LLC
    since 2020
    Last sale
    $1
    7 recorded transactions
    2020
    $900,000
    2008
    $1
    2006
    $204,525
    2006
    $450,000
    2004
    2003
    $350,000
    2003
    Zoning & alternative use
    MG-2 · Worcester, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.6M +13.9%
    Office building $1.6M +12.5%
    Apartment house (5+ units) $1.5M +8.3%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message