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    300 Grove St Worcester, MA 01605

    Sponsored
    For Lease
    $16 SF/Yr

    Prime location, renovated space available.

    Lot size:
    20,076 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,700 square foot medical office space is located at 300 Grove Street in Worcester, Massachusetts, 01605. The building, a Class C property totaling 20,076 square feet, underwent a complete renovation in 2023. The space is part of a single-tenant building and offers a prime location directly across from the new Trolley Yard retail development, ensuring high visibility and accessibility. The building itself is a well-established medical office building, previously home to the Worcester Surgical Center. This location provides easy access to a variety of amenities, including restaurants, banks, and retail shops along Gold Star Boulevard, all within walking distance. Furthermore, its strategic position offers unparalleled highway access to I-190, I-290, I-495, and I-90 (Mass Pike), making commuting for both staff and clients exceptionally convenient. Built in 1955, this property offers a blend of history and modern updates, providing a fresh and professional environment for medical practices. The available space is ideal for medical professionals seeking a well-situated and recently renovated office in Worcester County. This is a single-tenant occupancy opportunity.

    Property Features for 300 Grove St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,076 SF
    Class
    C
    Total Rate
    26768

    Building Details

    Year Built/Renovated
    1955/2023

    Unit(s) available at that property

    Space
    Size
    1,700 SF
    Rate per SF
    $19
    Property Profile Location Intelligence

    Current Use by Public Records

    Worcester Dental Arts Dentist Worcester Surgical Center Surgical Center Narayan Vikram P ... Anesthesiologist APURVA ASHOK SHAH Obstetrician-Gynecologist Michael A Geffin Urologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8064696
    Latitude
    42.2833598

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    FAQs

    What type of property is this?
    Medical office - Prime location, renovated space available.
    Where is this medical office located?
    The property is located at 300 Grove St Worcester, MA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    Request Owner's contact information
    300 Grove St Worcester, MA 01605
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    Worcester, MA 01605
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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

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    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
    300 Grove St Worcester, MA 01605
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