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Medical Facility Near UMass Chan
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403 Belmont St, Worcester, MA

Medical office space available near UMass Chan Medical School.

Property Size10,825 SF
Lot Size74.36 Acres
Days on Market710

Property Features for 403 Belmont St

General Information

Standard status Active
Size 10,825 SF
Lot size 74.36 Acres
Property subtype OFFICE
Listing Agency: Kelleher & Sadowsky
Listed By: James G. Umphrey
Source: Moodyscre
Added: Aug 20, 2024 Changed: Jul 6 Last Checked: Jul 30 at 5:08AM

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 Kelleher & Sadowsky

Investment Insights

Based on property information with market context.

Located on the UMass Chan Medical School campus, 403 Belmont Street is a medical facility with approximately 108,750 square feet of rentable area across four floors. The building features an attached garage with a covered walkway connecting to the third floor, providing access for patients and employees. The parking ratio is 4 spaces per 1,000 square feet. Tenants have access to the café and fitness center located at the Albert Sherman Center. The Veteran Affairs outpatient clinic occupies more than 50,000 square feet within the building, offering primary care and specialty health services, including laboratory services, physical therapy, nutrition counseling, and radiology. Approximately 38,646 square feet of space remains available for lease on two floors, which can be subdivided to accommodate tenants requiring 5,000 square feet or more. This space is suitable for medical practices seeking expansion.

Key Highlights

  • Located on the UMass Chan Medical School campus.
  • State‑of‑the‑art medical facility with approximately 108,750 +/- sf of rentable area.
  • Attached garage with covered walkway to the 3rd floor, providing seamless access.

Property Analytics

Current Use

Grifols Biomat USA ... Medical Clinic VA Primary Care Physician Worcester VA Out ... Medical Clinic

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Electrical Service Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby
Under-served
Demand for This Use

Market

Lease Benchmarks for Worcester, MA

$25.42 /SF/Yr
Avg Asking Price
$16–$41.9 /SF/Yr
Price Range
3,584 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office space available near UMass Chan Medical School.
Where is this medical office space located?
The property is located at 403 Belmont St Worcester, MA.
What are key features of this property?
This property features: Located on the UMass Chan Medical School campus.; State‑of‑the‑art medical facility with approximately 108,750 +/- sf of rentable area.; Attached garage with covered walkway to the 3rd floor, providing seamless access.
(508) 579-6080 Call to check price and availability
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