Katz of Worcester Commercial Properties brokers $1.57 million sale
The former Ragsdale Kia Automobile dealership at 499 Washington St., Rte. 20 has been sold to Raps Realty LLC.
Paul Raps, the buyer, owns and operates several NAPA Auto Parts stores in central Mass. and plans are to move his existing Southbridge St. store to this new location which will allow him to double the sales floor area and use the former service area as a central warehouse/distribution point for all his stores.
Mark Ragsdale and George Ragsdale of Tombstone Realty LLC were the sellers. The property sold for $1.57 million. Sheldon Katz, principal of Worcester Commercial Properties represented the seller and the buyer.
What projects, initiatives, or types of work have been keeping your team busiest during the first half of 2026? With the ever-rising cost of real estate, it tends to push regular maintenance of the roofs into the “deferred maintenance” category. This, overall, lessens the value of a purchase on the buyer’s side as well.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.