Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

709 Main St

Worcester, MA ID #73463464

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709 Main St

- Worcester, MA ID #73463464

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5+ Family - Rooming House
  • Zip Code: 01610
  • Taxes: 26,459
  • Levels: 2
  • Acres: 0.33

Parking

  • Garage Capacity: 25
  • Parking: Off Street, Paved
  • Parking Spaces: 25

Rooms/Dimensions

  • Total Units: 5
  • Total Floors: 2
  • Total Rooms: 24

Location

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709 Main St, Worcester, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Ben Hicks of Bridgemont Realty LLC. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.