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19 Kelley Sq 3,654 SF 100% Leased Retail Building Worcester, MA 01610 $849,000 ($232.35/SF)
EXECUTIVE SUMMARY
Drew Higgins and James Cozza of Kelleher & Sadowsky Associates, Inc. are pleased to present 19 Kelley Square for sale; a ±3,360 SF three-story mixed-use retail/residential building located in the heart of Worcester’s vibrant Canal District. The first floor is occupied by Che! Empanada, operating under a five (5) year lease. The upper floors feature two (2) three-bedroom apartments, currently leased at $1,400/month and $1,800/month, providing steady rental income for investors. These rents are well below market and have tremendous upside for increased income of the property. Projected rents for each apartment can range from $2,200 to $2,400 per month.
Situated on the highly visible corner of Kelley Square, the property offers unmatched proximity to Polar Park, Downtown Worcester, and major routes including I-290, I-190, I-90, and Route 146. Zoned General Business (BG-3.0), this property presents an excellent opportunity for an investor to own a property in the up-and-coming Kelley Square neighborhood and Ballpark District. Contact us today for additional information or to schedule a private tour.
Situated on the highly visible corner of Kelley Square, the property offers unmatched proximity to Polar Park, Downtown Worcester, and major routes including I-290, I-190, I-90, and Route 146. Zoned General Business (BG-3.0), this property presents an excellent opportunity for an investor to own a property in the up-and-coming Kelley Square neighborhood and Ballpark District. Contact us today for additional information or to schedule a private tour.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,654 SF
Building Class
C
Year Built
1910
Price
$849,000
Price Per SF
$232.35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.93
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
BG-3 - Retail Building
Parking
3 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
63’ on Water St
AMENITIES
- Bus Line
- Commuter Rail
- Signage
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WORC-000004-000038-000034 | Improvements Assessment | $440,200 |
| Land Assessment | $184,800 | Total Assessment | $625,000 |
PROPERTY TAXES
Parcel Number
WORC-000004-000038-000034
Land Assessment
$184,800
Improvements Assessment
$440,200
Total Assessment
$625,000
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19 Kelley Sq
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