$1,995,000
264 Grafton St
Worcester, MA, 01604
264 Grafton Street, Worcester, MA | Mixed-Use Investment with Development Upside264 Grafton Street is a mixed-use property with three commercial units, three residential units, and two billboards. All commercial leases are +NNN, and residential tenants pay their own utilities, keeping owner expenses to a minimum. Long-term tenants provide steady income, and four new mini-splits with AC condensers keep near-term capital costs low.The location is highly visible. Grafton Street sees about 10,000 travelers a day, the property is roughly 300 yards from an I-290 ramp carrying around 140,000 vehicles a day, and downtown Worcester is less than a mile away.The large parcel also has room to build. The city planning department has verbally approved a four-unit townhouse on the vacant land, and the owner is pursuing ANR approval. The property can be sold with approved permits and architectural drawings in place.This is a strong fit for an investor seeking passive income or a developer looking to add new multifamily units.
Property Details
Price:
$1,995,000
MLS #:
73599157
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
unionhill
Listed Date:
Nov 5, 2026
Finished Sq Ft:
8,000
Total Sq Ft:
8,000
Lot Size:
13,729 sqft / 0.32 acres (approx)
Year Built:
1930
Schools
Interior
Exterior
Financial
Tax Year
2027
Taxes
$23,020
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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Map
Current real estate data for Commercial in Worcester as of Nov 08, 2026
48
Commercial Listed
245
Avg DOM
202
Avg $ / SqFt
$1,182,282
Avg List Price
Community
- Address264 Grafton St Worcester MA
- CityWorcester
- CountyWorcester
- Zip Code01604
Subdivisions in Worcester
- Burncoat
- Burncoat/North neighborhood
- Forest Grove
- Forest Street
- Grafton Hill
- Greendale
- Hadwen Park
- Hamilton of Lake Ave.
- Hammond Heights
- Indian Hill
- Indian Lake
- Indian Lake Neighborhood North West Worcester
- Indian Lake/Upper Grove Street
- Malden Woods
- Marty’s Mobile Home Park
- Newton Corner
- North Worcester
- Southwest Manufactured Housing Community
- Summit Subdivision
- Tatnuck
- Tatnuck Square
- West Side
- West Side/Tatnuck
- West Tatnuck Neighborhood
- White Birch Commons
Similar Listings Nearby
Property Summary
- 264 Grafton St Worcester MA is a Commercial for sale in Worcester, MA, 01604. It is listed for $1,995,000 To schedule a showing of MLS#73599157 at 264 Grafton St in Worcester, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Lornell Real Estate. 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.
264 Grafton St
Worcester, MA