This mixed-use building sits on a prime corner lot at Highland Street and West Street, offering a great investment opportunity near WPI. The property includes both commercial and residential space, making it ideal for investors, student rentals, or owner-operators looking for a live-work setup. The first-floor retail space and second-floor apartment will be delivered vacant, as well as the third-floor apartment. Momo Palace, the current commercial tenant, has two years remaining on a gross modified lease at $2,441.71 per month, with separate utilities paid by the tenant. The location offers high visibility and steady foot traffic, making the retail space well-suited for a small business. Nearby restaurants, shops, and attractions add to the property’s appeal. With strong rental demand and a growing local economy, this is a rare opportunity in a sought-after Worcester neighborhood.
- Area:
- WPI
- Parking Spaces:
- 4
- Tax Year:
- 2024
- Status:
- Closed
- Zoning:
- BL-1
- Orig Price:
- $1,200,000
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01609
- Longitude:
- W72° 11' 29''
- Latitude:
- N42° 16' 16.1''
Commercial Sale
142 Highland Street, Worcester, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,200,000
- Square Footage :
- 6,024 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.13 Acre
- Listing ID :
- 73349722
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com