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393-397 Shrewsbury St Worcester, MA 01604

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For Sale
$1,600,000

Permitted 24-unit multifamily with commercial space in prime location.

Source: Alexis Brissette Agent Alexis Brissette

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Shrewsbury Street Multifamily Development Opportunity

Located at 393, 395, and 397 Shrewsbury Street in Worcester, MA, this 0.39-acre parcel is fully permitted for a 24-unit multifamily apartment complex. The development features market-rate residential units and includes a commercial space on the first floor, adding value for business operators. Residents will benefit from underground parking. The property is situated on Shrewsbury Street, a vibrant commercial hub known for its restaurant scene, diverse local businesses, and rich cultural history. The location offers high visibility and convenient access to major routes like I-290 and Route 9. Its proximity to downtown Worcester and Union Station makes it a prime location for those seeking a dynamic and accessible business environment. The area features a mix of dining, entertainment, and retail options, all within a walkable neighborhood that attracts significant foot traffic. The property is close to downtown Worcester, with dining, retail, and entertainment options nearby.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.774979
Latitude
42.2709865

FAQs

What type of property is this?
Mixed-use property - Permitted 24-unit multifamily with commercial space in prime location.
Where is this mixed-use property located?
The property is located at 393-397 Shrewsbury St Worcester, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Fully permitted for a 24-unit multifamily apartment complex, reducing development time and risk.; - Prime location on Shrewsbury Street, a bustling commercial hub with high visibility and foot traffic.; - Mixed-use development with commercial space on the first floor, creating potential revenue streams and convenience.
More about this property
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