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    399 Shrewsbury St Worcester, MA 01604

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    For Sale
    $900,000

    Two-unit mixed-use building in desirable location, fully leased.

    Lot size:
    0.02 Acres

    Property Features for 399 Shrewsbury St

    General Information

    Lot size
    0.02 Acres

    Building Details

    Year built
    1920

    Source: RE/MAX Partners Agent James Kalogeropoulos

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

    Overview

    Leased Mixed-Use Building For Sale

    This fully leased two-unit mixed-use building is situated on a heavily traveled street, offering excellent visibility. The property is surrounded by major hospitals, colleges, and a variety of thriving local businesses. It offers off-street parking. This property presents an opportunity for investors seeking passive income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.774641
    Latitude
    42.2712507

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    FAQs

    What type of property is this?
    Mixed-use property - Two-unit mixed-use building in desirable location, fully leased.
    Where is this mixed-use property located?
    The property is located at 399 Shrewsbury St Worcester, MA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Fully leased two-unit mixed-use building providing steady, passive income.; - Highly desirable location with excellent visibility on a heavily traveled street.; - Surrounded by major hospitals, colleges, and thriving local businesses.
    (508) 635-8259
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    399 Shrewsbury St Worcester, MA 01604
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    Worcester, MA 01604
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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
    399 Shrewsbury St Worcester, MA 01604
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