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Medical Facility Near UMass Chan
For Lease
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403 Belmont Street, Worcester, MA 01604

Medical office space available near UMass Chan Medical School.

Space Size10,825 SF - 27,821 SF
Property Size108,750 SF
Days on Market294

Property Features for 403 Belmont Street

General Information

Standard status Active
Size 10,825 SF - 27,821 SF
Class A
Property subtype Office

Building Details

Building Size 108,750 SF

Spaces For Lease

at 403 Belmont Street Contact us

Fourth Floor (Partial Floor)

Size
10,825 SF
Type
Medical
Term
Negotiable
Rate
Contact for pricing
Contact us

Third Floor (Full Floor)

Size
27,821 SF
Type
Medical
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Kelleher & Sadowsky
Listed By: James Umphrey · License #72125
Source: Kelleher-sadowsky
Added: Nov 24, 2025 Changed: Sep 13 Last Checked: Sep 13 at 8:54AM

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

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Current Use

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

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store HVAC Service Restaurant 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

2,206
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01604, MA

41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Worcester, MA

$27.37 /SF/Yr
Avg Asking Price
$17.5–$42.49 /SF/Yr
Price Range
4,849 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 Street 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.
More about this property
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