241 Southbridge St - Bar FOR SALE


Worcester, MA 01608- University Park
$1,950,000 USD
508-509-8867
241 Southbridge St, Worcester, MA for Sale
$1,950,000 USD
Bar - FOR SALE
1/27
null | Request Cap Rate

241 Southbridge St
Worcester, MA 01608
University Park


OVERVIEW

This exceptional redevelopment opportunity consists of a 15,000 sq. ft., two-story stand-alone building on a 0.48 ± acre site. Located in Worcester, Massachusetts—New England’s second-largest city—this property benefits from immediate access to the thriving Canal District and is within walking distance of Polar Park, home to the AAA Worcester Red Sox. Situated in a BG-6.0 business-friendly commercial zone, the site is ideal for a variety of high-demand uses, including residential multi-family, medical, office, retail, cannabis, restaurant and entertainment venues, and life sciences. The property offers significant upside for investors and developers alike. The site is strategically positioned within an Opportunity Zone and is just minutes from Downtown Worcester, Interstate 290, and Route 146. It is also in close proximity to UMass Memorial Hospital, St. Vincent Hospital, WRTA transit, Union Station, and several of Worcester’s 8 colleges and universities. This rare offering presents a prime chance to capitalize on Worcester’s robust growth and vibrant economic landscape. Additional abutting parcels available totaling 2.07 ± Acres

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

BG-6.0, Worcester

APN/PARCEL ID

WORC-000003-000004-000003

ASK ABOUT THIS PROPERTY

Michael BarberaBA Property & Lifestyle AdvisorsMore Info
508-509-8867

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Michael BarberaBA Property & Lifestyle AdvisorsMore Info
508-509-8867

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