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 beloved neighborhood 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.
5,568 Sq Ft
0.33 Private Acres Lot Size
Investment
$26,459 Annual Tax
Built in 1920
MLS/Listing ID 73463464
2 Stories
5 Units
Community - Highway Access
Community - House of Worship
Community - Laundromat
Community - Medical Facility
Community - Private School
Community - Public School
Community - T-Station
Community - University
Community - Walk/Jog Trails
Rubber
Community - Shopping
Community - Public Transportation
Community - Park
Community - Golf
Construction - Brick
Concrete Perimeter
Lot - Corner Lot
Parking - Paved
Parking - Off Street
TOTAL MONTHLY COST
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