264 Grafton St Worcester, MA $ 1,995,000
264 Grafton St
$ 1,995,000
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264 Grafton St

Worcester, MA, 01604
$ 1,995,000
Bedrooms-- Baths-- Sq 8,000
264 Grafton St, Worcester, MA 01604 - Image 1
264 Grafton St, Worcester, MA 01604 - Image 2
264 Grafton St, Worcester, MA 01604 - Image 3
264 Grafton St, Worcester, MA 01604 - Image 4
264 Grafton St, Worcester, MA 01604 - Image 5
264 Grafton St, Worcester, MA 01604 - Image 6
264 Grafton St, Worcester, MA 01604 - Image 7
264 Grafton St, Worcester, MA 01604 - Image 8
264 Grafton St, Worcester, MA 01604 - Image 9
264 Grafton St, Worcester, MA 01604 - Image 10

Property for Rent in Worcester, MA

for $1,995,000. This 8,000 square foot property was built in 1930 on a lot size of 0.32.

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.

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Rental Active

Price

$ 1,995,000

Taxes

$ 23,020

Style

Lot Size

0.32

Year Built

1930

Town/City

Worcester

County/Region

Worcester

MLS | Web ID

73599157

List By
Todd Lornell

Listing Agent

Lornell Real Estate

Broker

Nearby

Neighborhood & Schools

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Pricing History
DatePricePrice ChangeDescription
11/5/2026$1,995,000 Listed Price

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264 Grafton St, Worcester, MA, 01604 is a Property for Rent at $1,995,000 with 8,000 sqft and a lot size of 0.32. 264 Grafton St was built in 1930. The property's zip code is 01604 which is in Worcester, MA