INVESTMENT HIGHLIGHTS
- Excellent highway access
- On-site parking
- Excellent walkability to numerous amenities
EXECUTIVE SUMMARY
Kelleher & Sadowsky Associates, Inc. is pleased to offer a unique investment opportunity at 173 Grove Street, Worcester, Massachusetts. This highly visible property benefits from strong traffic counts along Grove Street and is conveniently located within walking distance to numerous amenities on Grove Street, Park Avenue, and West Boylston Street — including the newly developed Trolley Yard retail center. The site offers excellent highway accessibility with close proximity to Route 9, I-190, and I-290.
The main building comprises approximately 11,500 square feet across two floors and is currently occupied by five tenants on short-term leases, providing immediate income potential with future flexibility for an end user. Addition-ally, the property includes four fully leased out-buildings situated at the rear of the lot, which produces additional income as well.
The entire property is being offered as-is, with short-term rental agreements in place, making it ideal for either an owner-user or an investor seeking a well-located, adaptable asset. Detailed lease and financial information are available upon request - contact us today to schedule a tour.
The main building comprises approximately 11,500 square feet across two floors and is currently occupied by five tenants on short-term leases, providing immediate income potential with future flexibility for an end user. Addition-ally, the property includes four fully leased out-buildings situated at the rear of the lot, which produces additional income as well.
The entire property is being offered as-is, with short-term rental agreements in place, making it ideal for either an owner-user or an investor seeking a well-located, adaptable asset. Detailed lease and financial information are available upon request - contact us today to schedule a tour.
PROPERTY FACTS
Price | $1,850,000 |
Price Per SF | $146.65 |
Sale Type | Investment or Owner User |
Property Type | Flex |
Property Subtype | Light Manufacturing |
Building Class | C |
Lot Size | 0.83 AC |
Rentable Building Area | 12,615 SF |
No. Stories | 2 |
Year Built | 1950 |
Parking Ratio | 3.49/1,000 SF |
Clear Ceiling Height | 12’ |
Opportunity Zone |
Yes |
Zoning | Commercial - Industrial/ light manufacturing |
AMENITIES
- Bus Line
- Signage
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Glorious Anchor of Life Ministries
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Glorious Anchor of Life Ministries | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
Parcel Number | WORC-000001-000001D-000011-000012 | Improvements Assessment | $641,200 |
Land Assessment | $335,600 | Total Assessment | $976,800 |