Medical Office Space Near
For Lease
Contact for pricing
116 Belmont Street, Worcester, MA 01605
Medical office space for lease near UMASS Memorial.
Space Size1,900 SF
Property Size20,530 SF
Days on Market801
Property Features for 116 Belmont Street
General Information
Standard status
Active
Size
1,900 SF
Class
B
Total Parking Spaces
65
Property subtype
Office
Lease Type
Modified Gross
Building Details
Building Size
20,530 SF
Year Built
1970
Tenancy
Multiple
Spaces For Lease
at 116 Belmont Street Contact us- Size
- 1,900 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
4th Floor Space
Listing Agency:
NAI Glickman Kovago & Jacobs
(508) 868-6182
Listed By:
Brendan Toohey · License #9629048
Source:
Crexi
Added: Jun 12, 2024
Changed: Aug 8
Last Checked: Aug 20 at 5:53PM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
One space is available for lease in a medical office building located near Downtown Worcester. The property is situated directly across from UMASS Memorial and is less than a mile from St. Vincent's Hospital and UMASS' Hahnemann Campus on Lincoln Street. This commercial real estate is suitable for medical office space and other office uses.
Key Highlights
- Prime location directly across from UMASS Memorial
- Situated near Downtown Worcester
- Proximity to St. Vincent's Hospital (less than a mile)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
Market
Lease Benchmarks for Worcester, MA
$29.26 /SF/Yr
Avg Asking Price
$22–$42.49 /SF/Yr
Price Range
4,869 SF
Avg Space Size
This space is priced 23% below the average of $29.26 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space for lease near UMASS Memorial.
Where is this medical office space located?
The property is located at 116 Belmont Street Worcester, MA.
What is the lease rate?
The lease rate is $22.50 SF/Yr.
What are key features of this property?
This property features: Prime location directly across from UMASS Memorial; Situated near Downtown Worcester; Proximity to St. Vincent's Hospital (less than a mile)
