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241 Southbridge St 15,000 SF Retail Building Worcester, MA 01608 $1,950,000 ($130/SF)
Investment Highlights
- Inclusive BG6 Zoning, Close proximity to Polar Park and Union Station
Executive Summary
This exceptional redevelopment opportunity consists of a 15,000 sq. ft., two-story stand-alone building on a 0.85 ± acre site, with Right of Way access through 63 Jackson St.
Located in Worcester, Massachusetts—New England’s second-largest city—this property benefits from immediate access to the thriving Canal District and is within walking distance of Polar Park, home to the AAA Worcester Red Sox. Situated in a BG-6.0 business-friendly commercial zone, the site is ideal for a variety of high-demand uses, including residential multi-family, medical, office, retail, cannabis, restaurant and entertainment venues, and life sciences. The property offers significant upside for investors and developers alike.
The site is strategically positioned within an Opportunity Zone and is just minutes from Downtown Worcester, Interstate 290, and Route 146. It is also in close proximity to UMass Memorial Hospital, St. Vincent Hospital, WRTA transit, Union Station, and several of Worcester’s 8 colleges and universities.
This rare offering presents a prime chance to capitalize on Worcester’s robust growth and vibrant economic landscape.
Located in Worcester, Massachusetts—New England’s second-largest city—this property benefits from immediate access to the thriving Canal District and is within walking distance of Polar Park, home to the AAA Worcester Red Sox. Situated in a BG-6.0 business-friendly commercial zone, the site is ideal for a variety of high-demand uses, including residential multi-family, medical, office, retail, cannabis, restaurant and entertainment venues, and life sciences. The property offers significant upside for investors and developers alike.
The site is strategically positioned within an Opportunity Zone and is just minutes from Downtown Worcester, Interstate 290, and Route 146. It is also in close proximity to UMass Memorial Hospital, St. Vincent Hospital, WRTA transit, Union Station, and several of Worcester’s 8 colleges and universities.
This rare offering presents a prime chance to capitalize on Worcester’s robust growth and vibrant economic landscape.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bar
Building Size
15,000 SF
Building Class
B
Year Built
1935
Price
$1,950,000
Price Per SF
$130
Tenancy
Single
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.85 AC
Opportunity Zone
Yes
Zoning
BG-6.0, Worcester - General Business
Parking
300 Spaces (20 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
- Signage
- Signalized Intersection
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WORC-000003-000004-000003 | Improvements Assessment | $816,900 |
| Land Assessment | $307,300 | Total Assessment | $1,124,200 |
Property Taxes
Parcel Number
WORC-000003-000004-000003
Land Assessment
$307,300
Improvements Assessment
$816,900
Total Assessment
$1,124,200
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241 Southbridge St
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