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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.

More Info

Basic Information

  • Gross Income $141,600
  • Mls StatusNew
  • Parcel Number 1765222

Tax Information

  • Tax Year 2027
  • Taxes$23,020

Basic Information

  • List Price$1,995,000
  • MLS Number73599157
  • Modification Date11/05/2026

Location

  • Address264 Grafton Street
  • Building Number264
  • CountyWorcester
  • NeighborhoodUnion Hill
  • StateMA
  • StreetGrafton Street
  • SubdivisionUnion Hill
  • TownWorcester
  • Zip01604

Building

  • Building Area Units Square Feet
  • Year Built1930

Property

  • Acreage0.32

Property Information

  • Living Area 8,000
  • Lot Size Square Feet 13,729
  • Lot Size Units Acres
  • Square Feet8,000

Legal

  • ZoningRG-5 /BL-1
  • Zoning Description Legal Conforming

Other

  • Date Listed11/05/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Todd Lornell of Lornell Real Estate

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