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    50 Franklin St Worcester, MA 01608

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    For Lease
    $22 SF/Yr ($2,841 /Mo)

    1,550 SF office suite in vibrant downtown Worcester.

    Property size:
    1,550 SF
    Lot size:
    0.77 Acres

    Property Features for 50 Franklin St

    General Information

    Size
    1,550 SF
    Lot size
    0.77 Acres

    Source: Centre Realty Group Agent Fionnula Bohan

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

    Overview

    Renovated Office Space in Downtown

    Suite 201 at 50 Franklin Street offers 1,550 square feet of renovated professional office space in downtown Worcester. Situated on the second floor of a mixed-use building, the suite is located in a commercial district near Worcester City Hall, Worcester Common, the Mercantile Center, and Union Station. The building features a modern lobby, on-site security, and a polished design. The location provides access to restaurants, shops, and cultural destinations. Public parking is available in nearby lots and garages, along with street parking. The property offers access to public transportation and major highways, making it a convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Grid District Property Management Company Worcester Insurance Insurance Agency Massachusetts Pirates Arena ... Football Club To the Max! Event Planner Capital P Records Music Producer

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.80167
    Latitude
    42.2613035

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    FAQs

    What type of property is this?
    Office space - 1,550 SF office suite in vibrant downtown Worcester.
    Where is this office space located?
    The property is located at 50 Franklin St Worcester, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Worcester location, steps from City Hall, Worcester Common, Mercantile Center, and Union Station.; - Professionally renovated **1,550 sq ft office space** in an iconic mixed-use building.; - Modern lobby, on-site security, and polished design for a professional impression.
    (617) 332-0077
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    50 Franklin St Worcester, MA 01608
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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
    50 Franklin St Worcester, MA 01608
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