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    116 Belmont St Worcester, MA 01605

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    20,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class B medical office building, located at 116 Belmont Street in Worcester, Massachusetts, presents a fantastic leasing opportunity. The 20,530 square foot building, constructed in 1970, boasts a convenient location directly across from UMass Memorial Hospital and less than a mile from Saint Vincent's Hospital and the UMass Hahnemann Campus. The property sits on 0.87 acres of land and offers ample parking with 65+ spaces. Currently, there are 3,800 square feet of vacant space available, including one immediately available 1,900 square foot suite, perfect for medical office use. The building is zoned BL-1 and features multiple tenancies. Its proximity to major medical facilities and Route 9 provides excellent visibility and accessibility for patients and staff. This is an ideal opportunity for medical professionals seeking a well-established location with convenient amenities and strong patient access. The building's substantial size and ample parking make it suitable for a variety of medical practices. The available space offers a chance to establish or expand a thriving medical practice in a high-demand area of Worcester. The property's location near downtown Worcester further enhances its appeal. This is a rare opportunity to secure prime medical office space in a highly desirable location. Contact us today to learn more about this exceptional property.

    Property Features for 116 Belmont St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,530 SF
    Class
    B
    Total Rate
    38493.75

    Building Details

    Year Built
    1970

    Unit(s) available at that property

    Space
    4th Floor Space
    Size
    1,900 SF
    Rate per SF
    $22

    HighLights

    • High‑visibility location on Route 9 in Worcester, MA.
    • Ample parking with 65+ spaces.
    • Excellent access to I‑290.
    • Situated directly across from UMASS Memorial Medical Center.
    • Less than a mile from St. Vincent Hospital.
    • Approximately 1.1 miles from Hahnemann University Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alan Albert Specialized Hospital Nault Chiropractic Chiropractor National Toxicology Services Medical Laboratory Advanced Ultrasound Mobile ... Medical Clinic NE Dental Academy Dental School

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7918564
    Latitude
    42.2719805

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 116 Belmont St Worcester, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Route 9 in Worcester, MA.; Ample parking with 65+ spaces.; Excellent access to I-290.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Belmont St Worcester, MA 01605
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