Unit Information
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
- Levels: 2
- Parking
- Garage Capacity: 25
- Parking: Off Street, Paved
- Parking Spaces: 25
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 2
- Total Rooms: 24
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$2,400,000
- Listing ID: 73463464
- Bedrooms: 14
- Full Baths: 3
- Half Baths: 3
- Living Area: 10,668 sqft Convert
- Lot Size: 14,200 sqft Convert
- Acres: 0.33
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |