525 Lincoln StWorcester, MA 01605

  • Commercial real estate
  • 524,527 SF
For Lease

Property Details for 525 Lincoln St

Year built
1971
Lot size
45.16 AC
Property size (Sq ft)
524,527 SF
Zone code
BL-1
Property type
Commercial real estate
APN
WORC M:39 B:030 L:00050
APU
WORCM39B030L00050

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $99,261,024
    Hospitality
    $90,922,568
    Educational
    $75,646,504
    Medical
    $78,248,104
    Retail
    $117,672,344
525 Lincoln St, Worcester, Massachusetts

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.2932
Longitude
-71.7733
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$2,298,089
$22,519,200
$44,683,200
$67,202,400
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-
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