550 Park Avenue

For Sale

550 Park Avenue, Worcester, MA 01603

This Worcester property for sale is located at 550 Park Avenue. The current listed sale price for 550 Park Avenue is $550,000. 550 Park Avenue is situated on a lot that is 0.36 acre in size.

Contacts

broker

Jonah D. Glickman

NAI Glickman Kovago & Jacobs

(508) 753-9100

Property Details

  • Property Type Retail - Street Retail
  • Property Size 5,574 SF
  • Units 2
  • Lot Size 0.36 Acre
  • Parking Spaces Avail. 20
  • Property Tenancy Multi-Tenant
  • Year Built 1920
  • Date Updated Apr 29, 2024
Located on Park Avenue, one of the most heavily travelled roads in Worcester, 550 Park Ave enjoys high visibility on this main street and is easily accessible to a population of +/- 130,000 people residing within a 3-mile radius. As the city of Worcester continues its tremendous momentum, with population growth of 14% from 2010 to 2020, there's an incredible opportunity for investors to capitalize on evolving market dynamics.NAI Glickman Kovago and Jacobs is pleased to present 550 Park Avenue in Worcester for sale. 550 Park Ave, a two-unit retail building on bustling Park Avenue, is a prime, stabilized investment opportunity that is 100% leased to two long-term tenants with recent 5-year lease renewals. Below market rents offering significant upside potential.

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Highlights

  • 5,547 sf, two-unit retail building
  • Great Retail Exposure on Park Avenue
  • Stabilized investment opportunity - 100% leased to two long-term tenants
  • Long-term tenants on recent renewals

Getting around

  • 89/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Worcester, MA
  • Neighborhood Columbus Park
  • Zip Code 01603
  • Market Worcester Springfield

Points of Interest

  • Bus Station Taxis

    1.88 miles

  • Train Station Taxis

    1.91 miles

  • Grafton

    7.48 miles

  • Gulf

    1.11 miles

  • Shell

    1.49 miles

  • Speedway

    1.68 miles

  • Citgo

    1.73 miles

  • Mobil

    1.75 miles

  • Sunoco

    1.86 miles

  • ChargePoint

    1.94 miles

  • Tatnuck Mobil

    2.13 miles

  • BP

    2.21 miles

  • Shell

    2.62 miles

  • Admissions and Permit Parking

    0.29 miles

  • Clark University Parking Garage

    0.33 miles

  • Permit Parking

    0.46 miles

  • Permit Parking

    0.47 miles

  • Permit Parking

    0.55 miles

  • Clark University Parking Lot - 906 Main Street

    0.56 miles

  • Royal Worcester Apartments Parking Garage

    0.58 miles

  • The Lofts at Loomworks Parking Lot

    0.66 miles

  • Planned Parenthood

    1.03 miles

  • Junction Shop Lofts Parking Lot

    1.20 miles

  • Pho Bowl

    0.12 miles

  • Worcester Pizza Factory

    0.18 miles

  • Wendy's

    0.20 miles

  • Super Chinese Buffet

    0.30 miles

  • Dippin Donuts

    0.31 miles

  • McDonald's

    0.32 miles

  • Brisas Tropical Restaurant

    0.33 miles

  • Saigon Restaurant

    0.33 miles

  • New Wine Pizza

    0.34 miles

  • Peppercorns Grill & Bar

    0.36 miles

  • SAVERS

    0.28 miles

  • Santiago's Market

    0.29 miles

  • Price Chopper

    0.55 miles

  • Big Y

    0.62 miles

  • San Miguel Grocery

    0.75 miles

  • Shaw's

    0.86 miles

  • America's Food Basket

    0.86 miles

  • Living Earth

    0.88 miles

  • Marshalls

    0.93 miles

  • Ed Hyder's Mediterranean Marketplace

    1.14 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jonah D. Glickman

NAI Glickman Kovago & Jacobs

(508) 753-9100