Building Details

Construction Loft

Listing Agency: RE/MAX Select Realty Show Phone

Listed By: David Fay · License #9006615S Show Phone

Source: Exprealty

Added: Sep 24, 2024 Changed: Oct 4 Last Checked: Oct 16 at 10:57AM

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Investment Insights

Based on property information with market context.

This office unit combines a broad open work area with at least two private offices. High ceilings, exposed brick, and windows running along one full side give the space a loft-style character. Utilities are included, and parking is available on site.

Key Highlights

• Open main room plus at least two private offices
• Windows extend along one full side of the unit
• High ceilings and exposed brick

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Pharmacy Garden Center Storage Facility Furniture & Home Goods Electrical Service

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

5,491

Businesses Nearby

Explore this area Business Placement

Demographics for 01608, MA

4,996

Population

2,565

Households

1.9

Avg Household Size

28

Median Age

29%

College-Educated

74%

High-School Grad

0.5 sq mi

ZIP Area

9,992

Density / Sq Mi

$45,962

Median Household Income

$36,596

Median Earnings

$1,461

Median Rent

$117,100

Median Home Value

Market

Lease Benchmarks for Worcester, MA

$21.43 /SF/Yr

Avg Asking Price

$9–$40 /SF/Yr

Price Range

5,355 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?

Office units - Utilities are included, with on-site parking available for occupants.

Where is this office units located?

The property is located at 320-51 Union St Worcester, MA.

What is the lease rate?

The lease rate is $1,600/Mo.

What are key features of this property?

This property features: Open main room plus at least two private offices; Windows extend along one full side of the unit; High ceilings and exposed brick