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    60 Fremont St Worcester, MA 01603

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    For Lease
    $4,650,000

    Industrial building with office space and potential for residential conversion.

    Property size:
    9,826 SF
    Lot size:
    5.31 Acres

    Property Features for 60 Fremont St

    General Information

    Size
    9,826 SF
    Lot size
    5.31 Acres

    Source: Kelleher & Sadowsky Agent Drew C. Higgins

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

    Overview

    Worcester Industrial Building For Lease

    The property at 60 Fremont Street, Worcester, Massachusetts, is an industrial building featuring approximately 110,446 square feet across three stories. Situated on approximately 5.3 acres of industrially zoned land (MG-2.0), the building is approximately 65% leased to multiple tenants. The property has approximately $311,000 in Net Operating Income (NOI) and has potential for a sale leaseback with the seller. DCAMM (Massachusetts Trial Court) currently leases approximately 51,000 square feet with over 6 years remaining on their lease. There is approximately 37,000 square feet of vacant industrial and office space available, offering potential for future income. The property lends itself to possible future residential conversion with zoning relief or a variance and potential for historic tax credits. The property offers distribution access throughout New England and is located minutes from major highways, including Interstate 495, Interstate 90 (Mass Pike), Interstate 290, Route 20, and downtown Worcester.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dan's Auto Repairs Auto Repair Shop Abas Accessories Leather Goods Store Worcester City-Sch Department School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8295986
    Latitude
    42.2409239

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    FAQs

    What type of property is this?
    Office space - Industrial building with office space and potential for residential conversion.
    Where is this office space located?
    The property is located at 60 Fremont St Worcester, MA.
    What are key features of this property?
    This property features: - Excellent location with immediate access to major highways (I-495, I-90, I-290, Route 20) and downtown Worcester, providing exceptional distribution access throughout New England.; - Significant income potential with approximately $311,000 Net Operating Income (NOI) and 37,000 SF of vacant industrial/office space available for lease.; - Existing long-term tenant (DCAMM) leasing ±51,000 SF with 6+ years remaining on their lease, providing stable income.
    (508) 735-1783
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    60 Fremont St Worcester, MA 01603
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    Worcester, MA 01603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    60 Fremont St Worcester, MA 01603
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