MASSIVE CORNER LOT PACKAGE SALE in Downtown Worcester! Two adjoining corner parcels. 14,200+ SF of land. Offered at just $169 per SF of land. Underwritten at a POWERFUL 11.5% PRO FORMA CAP RATE ACROSS BOTH LOTS. 703–711 Main St is extensively renovated. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and a beloved neighborhood 14-chair barbershop producing $117,600 with clear upside.The entire second floor was COMPLETELY GUT RENOVATED IN 2025. 14 giant bedrooms. 3 kitchens. 3 full baths. 100% new HVAC, plumbing, and electrical. Approved rooming house license in place! Projected residential income of $184,800 annually. This is true income-producing urban infill in the heart of downtown Worcester. Immediate yield. Efficient basis. Long-term redevelopment and density upside. Assets like this almost never come to market. Move quickly.
- Parking:
- Off Street, Paved
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- dryer & Frig as gifts to buyer
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Parking Spaces:
- 25
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $225
- Zoning:
- BG-3
- No Units:
- 5
- Orig Price:
- $2,400,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Worcester
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01610
- Longitude:
- W72° 11' 33.4''
- Latitude:
- N42° 15' 28.8''
Residential Income
709 Main St, Worcester, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,400,000
- Bedrooms :
- 14
- Rooms :
- 24
- Total Bathrooms :
- 4.5
- Full Bathrooms :
- 3
- Half Bathrooms :
- 3
- Square Footage :
- 10,668 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.33 Acre
- Listing ID :
- 73463464
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
