99 Stafford StWorcester, MA 01603

Property Details for 99 Stafford St

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.44 AC

Property size (Sq ft)

14,853 SF

Zone code

ML20

Property type

Retail space

APN

WORC M:15 B:029 L:00001

APU

WORCM15B029L00001

Description

This exceptional retail property, a former Walgreens, presents a unique opportunity for a discerning tenant. Located at 99 Stafford Street in Worcester, Massachusetts, this single-tenant space boasts a generous 14,853 square feet of vacant space, ready for immediate occupancy. The building sits on a sizable 2.44-acre lot, providing ample room for expansion or outdoor amenities. Convenient parking is ensured with 77 available spaces. The property's prime location within Worcester County offers excellent visibility and accessibility, placing your business in the heart of a thriving community. The property type is classified as retail, making it ideal for a variety of commercial uses. The building's substantial size and ample parking make it suitable for businesses requiring significant space and customer convenience. This is a rare opportunity to secure a well-positioned, spacious retail location in a desirable Worcester neighborhood. The property is zoned for retail use and is ready for immediate lease. The address is 99 Stafford Street, Worcester, MA 01603. This property is available for lease and offers a significant opportunity for growth and success. The property is located in Worcester County, Massachusetts.

• CAP approach

  CAP return

  Valuation

  6%

  $3,609,798

  6.5%

  $3,332,121

  7%

  $3,094,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,890,546

  Geo Method

  $4,890,546

• Alternative Use

  Use

  Valuation

  Residential

  $2,810,768

  Hospitality

  $2,574,649

  Educational

  $2,142,078

  Medical

  $2,215,747

  Retail

  $3,332,121

Location Insight

City

Worcester

County

Worcester

State

Massachusetts

Latitude

42.2392

Longitude

-71.8428

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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