42
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$1,200,000
Est. payment /mo
6,024 SqFt
New
142 Highland Street Worcester, MA 01609
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,024 sqft
Price per Sqft $199
MLS Listing ID 73349722
HOA Y/N false
Year Built 1920
Annual Tax Amount $17,360
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
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.
Location
State MA
County Worcester
Area Wpi
Zoning BL-1
Direction Corner of Highland Street and West Street.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts, 220 Volts
Total Parking Spaces 3
Others
Senior Community false
Listed by RE/MAX Partners