142 Highland St - Storefront Retail/Residential FOR SALE


Worcester, MA 01609- Institute Park
$1,200,000 USD
774-696-1810
142 Highland St, Worcester, MA for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | Request Cap Rate

142 Highland St
Worcester, MA 01609
Institute Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

BL-1

APN/PARCEL ID

WORC-000011-000001-000044

ASK ABOUT THIS PROPERTY

James KalogeropoulosRE/MAX PartnersMore Info
774-696-1810

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James KalogeropoulosRE/MAX PartnersMore Info
774-696-1810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.