142 Southbridge StWorcester, MA 01608

Property Details for 142 Southbridge St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

14,850 SF

Zone code

BG-6

Property type

Retail space

APN

WORC M:03 B:006 L:00013

APU

WORCM03B006L00013

Description

This exceptional retail space, located at 142 Southbridge Street in Worcester, Massachusetts, presents a unique investment opportunity. The property boasts a total of 4,300 square feet, all currently vacant, within a single, two-story building constructed in 1920. The building sits on a 0.24-acre lot and offers five parking spaces. The open floor plan and unique layout provide considerable flexibility for a variety of commercial uses. Its prime location in a high-traffic area ensures excellent visibility and accessibility. The property is zoned BG-6 within Worcester County and is conveniently situated near public transportation, surrounded by other thriving businesses. This is an ideal space for a business seeking to establish or expand its presence in a vibrant urban setting. The building's character and history offer a unique opportunity to create a memorable commercial space. The entire 4,300 square feet is available for lease, presenting a blank canvas for a new tenant to customize and develop. The zip code is 01608.

• CAP approach

  CAP return

  Valuation

  6%

  $3,609,068

  6.5%

  $3,331,448

  7%

  $3,093,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,889,558

  Geo Method

  $4,889,558

• Alternative Use

  Use

  Valuation

  Residential

  $2,810,201

  Hospitality

  $2,574,129

  Educational

  $2,141,645

  Medical

  $2,215,300

  Retail

  $3,331,448

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2577

Longitude

-71.8036

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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