For Sale $5,250,000
Property Type VacantLand
Lot Size 3.91 Acre
Date Updated Mar 15, 2024

City SquareKelleher & Sadowsky proudly presents an unparalleled development opportunity in Worcester - City Square. Nestled in the vibrant heart of downtown, this property has the potential to redefine the city’s skyline. Located at 3 Eaton Place, within an opportunity zone, it boasts structured parking beneath the land and is effectively pad-ready. City Square thrives in Worcester’s most dynamic neighborhood. Surrounded by Class A residential, medical, and office complexes, as well as a lively nightlife scene, it epitomizes urban living at its finest. Positioned opposite the AC Marriott and renowned eateries like Ruth’s Chris Steakhouse, The Mercantile, and 110 Grill, it offers unparalleled convenience and access to Routes 190, 290, and 146. The property benefits from zoning that permits multifamily development as of right, with approval for 145 units. Notably, this permit predates Worcester’s Inclusionary Zoning regulations, exempting it from mandatory affordable housing provisions. While zoning allows for a project of over 20 stories, the existing parking garage structurally supports approximately 12 stories of residential space. Thus, there is potential to exceed the current unit count, though any additional units beyond 145 may necessitate the inclusion of an affordable housing component.

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Attachments

Worcester - City Square - Eaton Place (3) DEV.pdf (PDF) opens in new window

Contacts

Chris Naff

Kelleher & Sadowsky Associates

(508) 841-6212

Location

Getting Around

Walk Score ®
90/100 Walker's Paradise
Transit Score ®
60/100 Good Transit
Bike Score ®
54/100 Bikeable

Map
Street

City Worcester, MA
Neighborhood Downtown Worcester
Zip Code 01608
Market Worcester Springfield

Points of Interest

Bus Station Taxis

0.09 miles
Train Station Taxis

0.15 miles
Worcester

0.15 miles
Grafton

5.89 miles
Westborough

7.71 miles

Shell

0.37 miles
Speedway

0.46 miles
Sunoco

0.75 miles
Gulf

0.93 miles
ChargePoint

1.09 miles
Mobil

1.10 miles
Speedway

1.16 miles
Shell

1.62 miles
ChargePoint

1.66 miles
Speedway

1.84 miles

Worcester Common Garage

0.05 miles
Mercantile Center Garage

0.12 miles
Union Station Parking Garage

0.18 miles
McGrath Lot (Library)

0.24 miles
Expressway Area C

0.27 miles
MBTA Commuter Parking

0.27 miles
Green Street Municipal Lot

0.30 miles
Pearl-Elm Municipal Garage

0.31 miles
Federal Plaza Garage

0.35 miles
Major Taylor Parking Garage

0.35 miles

AC Hotel Worcester

0.07 miles
Homewood Suites by Hilton Worcester

0.18 miles
Hilton Garden Inn Worcester

0.36 miles
Holiday Inn Express Worcester Downtown

0.37 miles
Courtyard Worcester

0.89 miles
Hampton Inn & Suites

0.91 miles
Beechwood Hotel

1.77 miles
Residence Inn by Marriott Worcester

2.34 miles
Suburban Extended Stay Hotel

2.74 miles
Quality Inn & Suites Worcester

2.75 miles

110 Grille

0.06 miles
John Dillinger's Barbeque Grille

0.14 miles
Maxwell Luciano's Restaurant at Union Station

0.14 miles
Viva Bene Italian Ristorante

0.22 miles
The Compass Tavern

0.22 miles
Dunkin' Donuts

0.23 miles
Woosta Pizza

0.24 miles
Honey Dew Donuts

0.25 miles
Subway

0.25 miles
Kenmore Diner

0.27 miles

Massachusetts College of Pharmacy & Health Sciences

0.19 miles
G Stanley Hall School/The Bridge of Central MA

0.32 miles
City View Discovery School

0.47 miles
Seven Hills Charter Public School

0.48 miles
Saint Pauls School

0.49 miles
Massachusetts College of Pharmacy & Health Sciences

0.50 miles
Grafton Street School

0.66 miles
Venerini Academy

0.67 miles
Chandler Elementary Community School

0.67 miles
Elm Park Community School

0.70 miles

Head Start at Millbury Street School

1.16 miles
The Goddard School

1.45 miles

Frequently Asked Questions

What is the lease rate for 3 Eaton Place at City Square?

Rental asking rate at 3 Eaton Place at City Square is $2,625,000.00/YR.

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