709 Main St, Worcester, MA, 01610
24 rooms
14 beds
3 Full / 3 Half baths
1920
10,668 sqft
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.
Status:
Active
Type:
Multi-family
Units:
5
Zoning:
BG-3
Levels:
2
Parking:
25-car, Off Street, Paved
Acreage:
0.33
Est. Taxes:
$26,459
Assessment
$1,215,300
Construction
Brick
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
MLS #:
73463464
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Ben Hicks, Bridgemont Realty LLC 617-529-0751