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Office Suite with Private Offices
New
For Lease
$2,600/Mo

554 Main Street #240, Worcester, MA 01608

A multi-room professional suite includes shared kitchen, restroom, workstations, and lounge areas.

Space Size1,119 SF
Property Size1,179 SF
Days on Market6

Property Features for 554 Main Street #240

General Information

Standard status Active
Size 1,119 SF
Net Rentable 1,119 SF
Zoning BG-6

Space & Availability

Available Space 1,119 SF
Contiguous Space 1,119 SF
Space Use Office
Private Offices 3

Taxes and HOA fees

Annual Taxes $100,260

Amenities

kitchen
bathrooms
shared workstations
sitting areas
on-street parking

Building Details

Building Size 1,179 SF
Year Built 1876
Listing Agency: RE/MAX Partners
Listed By: James Kalogeropoulos · License #9072828
Source: Insightrealtygroup
Added: Sep 30 Changed: Oct 4 Last Checked: Oct 4 at 6:13AM

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 RE/MAX Partners

Investment Insights

Based on property information with market context.

This office suite at 554 Main Street includes a central work area, a conference area, and an additional open room that can serve as a break room or storage. Three private offices are part of the layout, including one with windows. Tenants also have access to shared kitchen facilities, multiple restrooms, workstations, and seating areas.

The property is in downtown Worcester, across from the Hanover Theatre. City Hall, the Worcester Courthouse, the public library, Worcester Common, restaurants, cafés, gyms, and local businesses are nearby. On-street parking is available, with a public parking garage next door.

Key Highlights

  • Three private offices, including one with windows
  • Main work area, conference area, and additional open room
  • Shared kitchen, multiple restrooms, workstations, and seating areas

Property Analytics

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Open Analytics

Current Use

Emengini Institute | For Comparative ... High School CPR of America Training Center MassHire Central Region ... Association / Organization MassHire Worcester Career ... Employment Agency The Menkiti Group Worcester Real Estate Agency

Suggested Use

Top Pick Pet Store Veterinary Clinic Pet Store & Service (Bike/Boat/Book/etc) Store Locksmith Catering 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
$3.97 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,984
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Worcester, MA

$20.03 /SF/Yr
Avg Asking Price
$9–$40 /SF/Yr
Price Range
5,522 SF
Avg Space Size

This space is priced 32% above the average of $20.03 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - A multi-room professional suite includes shared kitchen, restroom, workstations, and lounge areas.
Where is this office units located?
The property is located at 554 Main Street #240 Worcester, MA.
What is the lease rate?
The lease rate is $2,600/Mo.
What are key features of this property?
This property features: Three private offices, including one with windows; Main work area, conference area, and additional open room; Shared kitchen, multiple restrooms, workstations, and seating areas
More about this property
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