Single-Story Retail Storefront
181 Shrewsbury St Worcester Worcester, MA 01604
181 Shrewsbury St Worcester, Worcester, MA, 01604
$995,000
For Sale
$995,000
Newly constructed storefront offers an open layout, two restrooms, and ADA compliance with convenient parking.
Property Size2,560 SF
Lot Size0.11 Acres
Price / SF$388.67
Days on Market134
Property Features for 181 Shrewsbury St Worcester
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Lot size
- 0.11 Acres
Building Details
- Year Built
- 2020
Listing Agency
(508) 643-8166
Listed by
Sharon Lucido
(508) 643-8166
Source
Bournetosellrealestate
Added: Mar 10 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 2:47 am
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 Sharon Lucido
Investment Insights
Based on property information with market context.
This newly constructed, single-story retail building offers approximately 2,560 square feet of retail-ready space with a modern open floor plan. The exterior features a stone façade and stucco siding, supporting strong curb presence. The interior includes two restrooms and is fully ADA-compliant, making it well-suited for a broad range of retail and service concepts that require accessible amenities.
The property is positioned on a 4,672 square-foot lot with visibility and accessibility from Shrewsbury Street, located along Worcester’s restaurant row. It provides 10 parking spaces, supporting customer access. Additional connectivity includes easy access to Downtown Worcester, Route 9, and Interstate 290.
For tenants or buyers seeking a contemporary storefront with an efficient, open layout and on-site parking, this building’s combination of ADA compliance, two restrooms, and newly constructed finishes provides a practical foundation for operating a retail business. Its restaurant-row setting can support concepts that benefit from proximity to active dining and neighborhood foot traffic.
The property is positioned on a 4,672 square-foot lot with visibility and accessibility from Shrewsbury Street, located along Worcester’s restaurant row. It provides 10 parking spaces, supporting customer access. Additional connectivity includes easy access to Downtown Worcester, Route 9, and Interstate 290.
For tenants or buyers seeking a contemporary storefront with an efficient, open layout and on-site parking, this building’s combination of ADA compliance, two restrooms, and newly constructed finishes provides a practical foundation for operating a retail business. Its restaurant-row setting can support concepts that benefit from proximity to active dining and neighborhood foot traffic.
Key Highlights
- Newly constructed single‑story storefront built in 2020 with an approximately 2,560 SF interior
- Located on a 4,672 SF lot with a stone facade and stucco siding
- Modern open floor plan with two restrooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $21.00 |
| − Vacancy | −$3.5k | −$1.37 |
| EGI | $50.3k | $19.64 |
| − OpEx | −$15.1k | −$5.89 |
| NOI | $35.2k | $13.74 |
2,560 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.5K
$747.7K – $996.9K
NOI $59,813 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pepe's Dolce Bar
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- French Bouquet Florist — 409 Shrewsbury St, Worcester, MA 01604
- The Sage Bouquet — 51 Union St, Worcester, MA 01608
FAQs
What type of property is this?
Storefront property - Newly constructed storefront offers an open layout, two restrooms, and ADA compliance with convenient parking.
Where is this storefront property located?
The property is located at 181 Shrewsbury St Worcester Worcester, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Newly constructed single‑story storefront built in 2020 with an approximately 2,560 SF interior; Located on a 4,672 SF lot with a stone facade and stucco siding; Modern open floor plan with two restrooms
