Sold!
$1,050,000
6,024
Living Area
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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.
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Highlights
- Area: Wpi
- Year Built: 1920
- Property Class: Commercial Sale
- Status: Closed
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Additional Details
- Zoning: Bl-1
- Zoning Description: Legal Conforming
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Fees / Taxes
- Tax Year: 2024
- Taxes: $17,360
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Listing information provided courtesy of RE/MAX Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
