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    1 Mercantile St Worcester, MA 01608

    Sponsored
    For Lease
    Contact for pricing

    Class A Office Suites, Downtown Worcester

    Lot size:
    214,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prestigious seven-story, Class A office building at 1 Mercantile Street in downtown Worcester, MA offers 214,000 square feet of executive office space. Built in 2012, this LEED Silver certified building boasts a modern design and sustainable features. Multiple suites are available, ranging from 1,696 to 25,000 contiguous square feet, with a total of 107,301 square feet currently vacant. The property includes a newly renovated 860-car parking garage, providing ample parking for tenants and visitors. Its central location in Worcester's thriving business district offers easy access to major New England cities, making it ideal for businesses seeking relocation or expansion. The building's flexible zoning accommodates a variety of industries, and its modern amenities cater to a talented workforce. This exceptional property presents a unique opportunity for businesses seeking a prime location in a dynamic urban setting. The building is situated in Worcester County, MA, zip code 01608.

    Property Features for 1 Mercantile St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    214,000 SF
    Class
    A

    Building Details

    Year Built
    2012

    Unit(s) available at that property

    Space
    6th Floor
    Size
    25,000 SF
    Space
    3rd Floor
    Size
    25,000 SF
    Space
    4th Floor
    Size
    25,000 SF
    Space
    Lower Level
    Size
    1,696 SF
    Space
    5th Floor
    Size
    5,605 SF
    Space
    2nd Floor
    Size
    25,000 SF

    HighLights

    • 75,000 SF contiguous space across floors 2‑4.
    • 25,000 SF available on the 6th floor.
    • 25,000 SF floor plates, subdividable into approximately 5,000 SF units.
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Connor Maloney & Co ... Certified Public Accountant Commonwealth Consulting Group Financial Institution Digital Investigations Private Investigator FedEx Drop Box Mailing Service Moneta Group | Boston ... Investment Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7977333
    Latitude
    42.2632191

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, Downtown Worcester
    Where is this office property / space located?
    The property is located at 1 Mercantile St Worcester, MA.
    What are key features of this property?
    This property features: 75,000 SF contiguous space across floors 2-4.; 25,000 SF available on the 6th floor.; 25,000 SF floor plates, subdividable into approximately 5,000 SF units.
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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
    1 Mercantile St Worcester, MA 01608
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