Retail Space with ADA
For Sale
Contact for pricing
181 Shrewsbury St, Worcester, MA 01604
Retail space with a modern open floor plan, two restrooms, and 10 dedicated parking spaces.
Property Size2,560 SF
Price / SF$388.67
Days on Market345
Property Features for 181 Shrewsbury St
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
10
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Amenities
Modern open floor plan
2 restrooms
Fully ADA Compliant
Listing Agency:
Kelleher & Sadowsky
(508) 864-2379
Listed By:
David V. Cohen · License #137842
(508) 864-2379
Source:
Moodyscre
Added: Aug 20, 2025
Changed: Jul 30
Last Checked: Jul 30 at 6:00PM
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.
This retail space offers a modern open floor plan designed for flexible use. The layout includes two restrooms and is fully ADA compliant.
The property is positioned for convenient access to Downtown Worcester, Route 9, and I-290, supporting easy customer reach from surrounding areas. On-site parking includes 10 dedicated spaces, helping keep day-to-day operations straightforward.
With an open interior and ADA-compliant features, the space can be a practical fit for a range of retail concepts that benefit from straightforward customer access and a clean, functional floor plan.
The property is positioned for convenient access to Downtown Worcester, Route 9, and I-290, supporting easy customer reach from surrounding areas. On-site parking includes 10 dedicated spaces, helping keep day-to-day operations straightforward.
With an open interior and ADA-compliant features, the space can be a practical fit for a range of retail concepts that benefit from straightforward customer access and a clean, functional floor plan.
Key Highlights
- Modern open floor plan
- Two restrooms
- Fully ADA compliant
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
12,615 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with a modern open floor plan, two restrooms, and 10 dedicated parking spaces.
Where is this retail space located?
The property is located at 181 Shrewsbury St 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: Modern open floor plan; Two restrooms; Fully ADA compliant
