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73 Southgate St 4,088 SF 50% Leased Retail Building Worcester, MA 01603 $1,042,152 CAD ($254.93 CAD/SF)
Executive Summary
Investment opportunity in Worcester! This mixed-use property currently features 3 residential units plus a former bar/commercial space. Two of the three apartments have been renovated, with current rents including a 3-bedroom at $2,600/month and a 2-bedroom at $1,800/month. The former bar is not currently operating and has undergone recent improvements. Plans are available proposing the conversion of the former bar into two additional 2-bedroom residential units. All projected numbers and future income potential are based on this proposed conversion. Conversion is subject to all required approvals, zoning, and permitting. Buyer/buyer’s agent to perform their own due diligence and verify feasibility, plans, rents, expenses, and development potential. Conveniently located near Polar Park, Union Station, Holy Cross, Clark University, I-290, Route 146, and the Mass Pike. Great value-add opportunity with existing rental income and potential for additional residential units.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
4,088 SF
Year Built
1900
Price
$1,042,152 CAD
Price Per SF
$254.93 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.12 AC
Zoning
BL-1 - Zoneed Mixed use
Amenities
- Signage
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | WORC-000007-000023-000001 | Improvements Assessment | $553,877 CAD |
| Land Assessment | $105,461 CAD | Total Assessment | $659,338 CAD |
Property Taxes
Parcel Number
WORC-000007-000023-000001
Land Assessment
$105,461 CAD
Improvements Assessment
$553,877 CAD
Total Assessment
$659,338 CAD
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73 Southgate St
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