Medical Office Space Near
For Lease
$22.50 SF/Yr
116 Belmont Street, Worcester, MA 01605
Medical office space for lease near UMASS Memorial.
Space Size950 SF
Property Size20,530 SF
Days on Market194
Property Features for 116 Belmont Street
General Information
Standard status
Active
Size
950 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
20,530 SF
Year Built
1970
Spaces For Lease
at 116 Belmont Street
3rd Floor Space 950 SF
$22.50/SF/Yr
Size
950 SF
Type
Medical Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
NAI Glickman Kovago & Jacobs
Listed By:
Brendan Toohey · License ##9629048
(508) 612-3025
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 4
Last Checked: Oct 4 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
One space is available for lease in a medical office building located near Downtown Worcester. The property is situated directly across from UMASS Memorial and is less than a mile from St. Vincent's Hospital and UMASS' Hahnemann Campus on Lincoln Street. This commercial real estate is suitable for medical office space and other office uses.
Key Highlights
- Prime location directly across from UMASS Memorial
- Situated near Downtown Worcester
- Proximity to St. Vincent's Hospital (less than a mile)
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Worcester, MA
$25.35 /SF/Yr
Avg Asking Price
$17.5–$40 /SF/Yr
Price Range
5,270 SF
Avg Space Size
This space is priced 11% below the average of $25.35 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space for lease near UMASS Memorial.
Where is this medical office space located?
The property is located at 116 Belmont Street Worcester, MA.
What is the lease rate?
The lease rate is $22.50 SF/Yr.
What are key features of this property?
This property features: Prime location directly across from UMASS Memorial; Situated near Downtown Worcester; Proximity to St. Vincent's Hospital (less than a mile)
