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50 Franklin St, Worcester MA 01608

Worcester, MA 01608 • Downtown
$20
Est. $24,128/month
241,766
Sq Ft
$0
Price/Sq Ft
0.78
Acres
1912
Year Built
218
Days on Market
Active Price Drop -$2 Listed Jul 21, 2025 • MLS# 73407144 Copied!

About this home

Prime Downtown Worcester Restaurant Space at 50 Franklin Street. Jump on this rare opportunity to launch your bar, restaurant, or quick-service concept in a trophy mixed-use building at the corner of Franklin & Portland Streets—overlooking Worcester Common. Up to 6,818 SF of second-generation space with a fully built-out kitchen and bar featuring 40 tap lines. Space is sub-dividable to fit your needs. The building includes 250 residential units, 10,000 SF of office space, and an on-site entertainment venue—all driving steady foot traffic. Perfect for full-service dining, casual eats, or quick-serve. High visibility, public parking nearby, and turn-key infrastructure make this a standout downtown location. Bring your food or beverage vision to life—schedule your tour today!

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Property Overview

Listing Type
Commercial Lease
Year Built
1912
Living Area
241,766 sq ft

Facts & Features

Home Facts

Type Commercial Lease
Year Built 1912
Living Area 241,766 sq ft
Lot Size 0.78 acres

Interior

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

Exterior

Construction None
Architecture None
Roof None
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, 110 Volts, 220 Volts, 440 Volts, Three Phase, Fiber Optic

Financial

Annual Tax $287,129

Interior Features

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

Construction & Materials

Year Built: 1912
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

Downtown

50 Franklin St, Worcester MA 01608

Worcester, MA 01608

Walkability

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Nearby Schools

School District
Worcester School District local
C-
🎓 Where Graduates Go Class of 2021
51% attend college
35% 4-Year 16% 2-Year 4% Out of State 4% Working
School Safety 2024-25
4.1% Above Average
3.3% Suspensions 1.7% In-School 0.8% Emergency
1.4% below state avg
E

Elementary Schools

3 schools
F
Chandler Elementary Community School
0.5 mi | #805 of 824 | Score: 26.6
Dropped 59 spots from last year
-31.6 below state avg
402 students Diverse
Grades K-06
C-
Jacob Hiatt Magnet School
0.5 mi | #691 of 824 | Score: 36.2
Dropped 136 spots from last year
-22 below state avg
367 students Diverse
Diverse Student Body
Grades PK-06
D
Elm Park Community School
0.6 mi | #779 of 824 | Score: 30.6
Improved 25 spots from last year
-27.6 below state avg
478 students Diverse
Rising School Diverse Student Body
Grades K-06
M

Middle Schools

2 schools
The Nativity School of Worcester
0.9 mi
Grades 05-08
C-
Worcester East Middle School
1.1 mi | #298 of 352 | Score: 31.5
Improved 55 spots from last year
-26.7 below state avg
731 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
Worcester Academy
0.8 mi
Grades 06-12
B+
Claremont Academy
1.0 mi | #9 of 25 | Score: 38.3
Improved 317 spots from last year
-20 below state avg
474 students Moderate
10 sports • 216 athletes
Early College Program Rising School College Ready Curriculum
Grades 07-12
A+
Massachusetts Academy of Math and Science at WPI
1.1 mi | #2 of 346 | Score: 91.7
Same rank as last year
99 students Diverse
Strong AP Program College Ready Curriculum Strong Attendance
Grades 11-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $23,927
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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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
Jul 21, 2025
$20
Original listing
Agent: Fionnula Bohan Office: Centre Realty Group

Price & Status History

Date Event Price Change
Feb 16, 2026 Sold $22
Jul 21, 2025 New Listing Added $20

Market Statistics

Days on Market
218 days
Price per Sq Ft
$0
Total Price Drop
-$2

Tax History

Year Taxes Assessment
2025 $287,129

Financial Details

Annual Property Tax
$287,129
Tax Year 2025

Listing Information

Listing Agent Fionnula Bohan
Listing Office Centre Realty Group
Agent MLS ID CN229576
Office MLS ID BB5200
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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