Retail Printing Shop Retail
340 Shrewsbury St Worcester, MA 01604
For Sale
Contact for pricing
Retail space formerly used as a printing shop with approximately 30 onsite parking spaces and access to major routes.
Property Size3,648 SF
Price / SF$267.27
Days on Market827
Property Features for 340 Shrewsbury St
General Information
- Standard status
- Active
- Size
- 3,648 SF
- Property subtype
- RETAIL
Listing Agency:
Kelleher & Sadowsky
(508) 735-1783
Listed By:
Drew C. Higgins · License #9515069
(508) 735-1783
Source:
Moodyscre
Added: Apr 18, 2024
Changed: Jul 22
Last Checked: Jul 22 at 8:18PM
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.
340 Shrewsbury Street is a retail storefront property that was previously used as a retail printing shop. The offering provides approximately 30 onsite parking spaces for customer and staff use.
Situated in the middle of Shrewsbury Street, the property is positioned among local amenities and offers quick and easy access to Route 9, I-290, and Worcester’s Central Business District.
This combination of retail-focused space and on-site parking supports a range of retail and service uses that can benefit from convenient street access and nearby connectivity.
Situated in the middle of Shrewsbury Street, the property is positioned among local amenities and offers quick and easy access to Route 9, I-290, and Worcester’s Central Business District.
This combination of retail-focused space and on-site parking supports a range of retail and service uses that can benefit from convenient street access and nearby connectivity.
Key Highlights
- Retail space formerly used as a printing shop
- Approximately 30 onsite parking spaces
- Located on Shrewsbury Street with quick access to Route 9 and I‑290
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 | $76.6k | $21.00 |
| − Vacancy | −$5.0k | −$1.37 |
| EGI | $71.6k | $19.64 |
| − OpEx | −$21.5k | −$5.89 |
| NOI | $50.1k | $13.74 |
3,648 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$716.3K
$626.8K – $835.7K
NOI $50,140 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,234 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- French Bouquet Florist — 409 Shrewsbury St, Worcester, MA 01604
FAQs
What type of property is this?
Storefront property - Retail space formerly used as a printing shop with approximately 30 onsite parking spaces and access to major routes.
Where is this storefront property located?
The property is located at 340 Shrewsbury St Worcester, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Retail space formerly used as a printing shop; Approximately 30 onsite parking spaces; Located on Shrewsbury Street with quick access to Route 9 and I‑290
