$1,200,000
142 Highland Street
Worcester, MA, 01609
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.
Property Details
Price:
$1,200,000
MLS #:
73349722
Status:
Pending
Beds:
0
Baths:
4
Address:
142 Highland Street
Type:
Commercial
Neighborhood:
WPI
City:
Worcester
Listed Date:
Mar 25, 2025
State:
MA
Finished Sq Ft:
6,024
Total Sq Ft:
6,024
ZIP:
01609
Lot Size:
5,630 sqft / 0.13 acres (approx)
Year Built:
1920
Schools
Interior
Exterior
Parking Spots
4
Financial
Tax Year
2024
Taxes
$17,360
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of RE/MAX Partners. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
142 Highland Street
Worcester, MA
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