241 Southbridge St, Worcester MA 01608

Worcester, MA 01608
$1,950,000
Est. $12,562/month
14,650
Sq Ft
$133
Price/Sq Ft
0.48
Acres
1935
Year Built
188
Days on Market
Active Listed Jun 2, 2025 • MLS# 73384056 Copied!

About this home

This exceptional redevelopment opportunity consists of a 15,000 sq. ft., two-story stand-alone building on a 2.07± acre site, which includes two additional paved, unimproved parcels. Combined, the three parcels offer approximately 800 feet of frontage and are under common ownership, available either individually or as an assemblage.Located in Worcester, Massachusetts—New England’s second-largest city—this property benefits from immediate access to the thriving Canal District and is within walking distance of Polar Park, home to the AAA Worcester Red Sox. Situated in a BG-6.0 business-friendly commercial zone, the site is ideal for a variety of high-demand uses, including residential multi-family, medical, office, retail, cannabis, restaurant and entertainment venues, and life sciences. With the potential to support the development of 300+ residential multifamily units, the property offers significant upside for investors and developers alike.

Property Overview

Listing Type
Commercial Sale
Year Built
1935
Living Area
14,650 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1935
Living Area 14,650 sq ft
Lot Size 0.48 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Public Sewer, Natural Gas Available

Financial

Annual Tax $30,019

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1935
Structure Type:
Exterior Materials:
Roof: Rubber
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
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Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
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Lot Features:
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Parking & Garage

Parking Features:

Location

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Neighborhood

241 Southbridge St, Worcester MA 01608

Worcester, MA 01608

Walkability

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Schools

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Monthly Payment Calculator

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After down payment
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $2,502
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jun 2, 2025
$1,950,000
Original listing
Agent: Andrea Beth Castinetti Office: Castinetti Realty Group

Price & Status History

Date Event Price Change
Jun 2, 2025 New Listing Added $1,950,000

Market Statistics

Days on Market
188 days
Price per Sq Ft
$133

Tax History

Year Taxes Assessment
2024 $30,019

Financial Details

Annual Property Tax
$30,019
Tax Year 2024

Listing Information

Listing Agent Andrea Beth Castinetti
Listing Office Castinetti Realty Group
Agent MLS ID CN213891
Office MLS ID AN4508
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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241 Southbridge St, Worcester MA 01608 - Photo 1 241 Southbridge St, Worcester MA 01608 - Photo 2 241 Southbridge St, Worcester MA 01608 - Photo 3 241 Southbridge St, Worcester MA 01608 - Photo 4 241 Southbridge St, Worcester MA 01608 - Photo 5

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