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24 Lake Ave
Worcester, MA 01604 Lake Park

$925,000 USD

Storefront Retail Office For Sale  •  4,607 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 4,607 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1920
  • Tenancy Multiple
  • Zoning BL-1
31 Transit Score
69 Walk Score

Highlights

Mixed-Use Asset: ± 3,091 SF, three-unit building with two commercial units and one residential apartment, providing diversified income.
Strong In-Place Tenancy: Occupied by Designs by Joseph (established tailor) and Hot Set Hair Studio (well-established salon), plus a residential unit.
Value-Add Opportunity: Current rents are below market, offering clear upside through renewals, re-tenanting, or repositioning to grow NOI.
Prime High-Traffic Location: Situated off Route 9 between two signalized intersections with traffic counts of 32,863 VPD on Belmont Street
On-Site Parking & Visibility: Off-street parking and outstanding exposure along one of Worcester’s most heavily traveled commercial corridors.

Property Flyers

Amenities

  • Bus Line
  • Signage
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Worcester (Framingham/Worcester Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 4 min - 2.1 mi
Worcester Union Station (Lake Shore Limited - Amtrak) 4 min - 2.3 mi
AirportDriveWalkDistance
Worcester Regional 15 min - 7.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Madison O'Brien 508-841-6206 Kelleher & Sadowsky Associates, Inc.
Madison O'Brien 508-841-6206 Kelleher & Sadowsky Associates, Inc.