179 Shrewsbury Street, Worcester, MA 01604

179 Shrewsbury Street is a 9,397 RSF, fully leased eight-unit, multi-tenant commercial building built in 1925 on a 0.37-acre parcel. The property is anchored by Pepe’s Italian Restaurant and Bar and includes a specialty food store. Additional tenants cover a diverse mix of personal service and healthcare-related businesses, supporting consistent day-to-day activity.

The building is positioned along Worcester’s Shrewsbury Street restaurant and entertainment corridor, in a neighborhood described as having strong pedestrian activity and active regional access. A separate parcel at 3 Lyon Street is currently utilized as 27 parking spaces that support the commercial building at 179 Shrewsbury Street.

This offering presents two acquisition paths centered on unified control of income and redevelopment flexibility. Under one scenario, buyers can acquire both 179 Shrewsbury Street and 3 Lyon Street, including associated deeded parking rights and/or ground lease interests, providing immediate stabilized tenancy alongside an approved residential development density. Alternatively, ownership will consider separate acquisitions: 179 Shrewsbury Street as the fully leased commercial building, and 3 Lyon Street as an approved/entitled mixed-use residential development site. The proposed development includes 18 market-rate residential units and two street-level retail storefronts, with a structured parking configuration and options to finalize the program elements.