407 Main Street #2 Worcester — Photo 1 of 11
$599,900
Investment Analysis — 407 Main Street #2
Worcester, MA 01608 — Downtown
Based on HUD Small Area Fair Market Rent for Worcester, MA HUD Metro FMR Area, a home in 01608 carries an estimated $1,680/mo in gross rent — about a -0.87% cap rate and $-5,204/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
2
SqFt
4,784
Style
Other
Built
1890
Excellent opportunity to acquire an oversized retail condominium in the heart of downtown Worcester. The unit offers more than 3,000 square feet on the main level, along with valuable additional space in the basement for storage and operations. Originally built for McDonald’s and occupied by a pizza restaurant for approximately 15 years, the property is well suited for another quick-service or fast-casual restaurant concept, as well as a variety of retail uses. Surrounded by established businesses, ongoing development, and continued investment throughout downtown Worcester, this property presents an exciting opportunity for an owner-operator or investor looking to establish a presence in the city’s growing urban core.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: James Kalogeropoulos
Listing Office: RE/MAX Partners
MLS® Number: 73573396
