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    8 Norwich St Worcester, MA 01608

    Sponsored
    For Lease
    $22 SF/Yr ($14,040 /Mo)

    Downtown Worcester office space available.

    Lot size:
    7,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Worcester, MA, office property at 8 Norwich Street offers two executive suites for lease. The building, a Class B property constructed in 1900, totals 7,488 square feet and features two suites. The first-floor suite comprises approximately 1,100 square feet, ideal for a smaller team, with open space suitable for cubicles, a reception area, and a private office. The second-floor suite offers approximately 3,750 square feet of newly renovated space, boasting 12 private offices, a conference room, and open floor plan. Both suites benefit from high ceilings and abundant natural light. A shared kitchenette is conveniently located on the lower level. The suites can be leased individually or combined for a total of approximately 4,850 square feet of contiguous space. The property is ideally situated in downtown Worcester, within walking distance of City Hall, the DCU Center, federal and district courthouses, and numerous banks, hotels, and restaurants. Its convenient location also offers easy access to major highways, including I-290, I-90, Route 9, and Route 20, ensuring seamless commutes. The property is zoned BG-6. This is a fantastic opportunity for businesses seeking a prestigious and well-located office space in the heart of Worcester. Minimum leasable space is 1,100 square feet, with a maximum contiguous space of 4,844 square feet. The building is located in Worcester County.

    Property Features for 8 Norwich St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,488 SF
    Class
    B
    Total Rate
    14040

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    Suite 1
    Size
    1,100 SF
    Rate per SF
    $22
    Space
    Suite 2
    Size
    3,750 SF
    Rate per SF
    $22

    HighLights

    • Two executive suites available for lease in a 7,488 sq ft Class B building.
    • First‑floor suite: 1,100 sq ft, open plan with private office and reception area.
    • Second‑floor suite: 3,750 sq ft, newly renovated with 12 private offices and conference room.
    • Suites lease individually or combined (up to 4,850 sq ft contiguous).
    • Downtown Worcester location, near City Hall, DCU Center, and major highways (I‑290, I‑90, Route 9, Route 20).
    • BG‑6 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joffrey Smith Financial ... Financial Planner Concordia Exchange Insurance Agency

    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
    -71.8010302
    Latitude
    42.2643857

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Worcester office space available.
    Where is this office property / space located?
    The property is located at 8 Norwich 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: Two executive suites available for lease in a 7,488 sq ft Class B building.; First-floor suite: 1,100 sq ft, open plan with private office and reception area.; Second-floor suite: 3,750 sq ft, newly renovated with 12 private offices and conference room.
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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
    8 Norwich St Worcester, MA 01608
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