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Prime Retail/Office Space Available
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490 Shrewsbury St, Worcester, MA 01604

Divisible retail/office space in Worcester's best location.

Space Size650 SF
Property Size27,000 SF
Days on Market1989

Property Features for 490 Shrewsbury St

General Information

Standard status Active
Size 650 SF
Property subtype Retail

Building Details

Building Size 27,000 SF
Year Built 1987
Tenancy Multiple

Spaces For Lease

at 490 Shrewsbury St Contact us

Space 2

Size
650 SF
Type
Retail
Lease Type
Modified Gross
Availability
Active
Contact us

Space 1

Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: American Commercial Real Estate LLC
Listed By: Dusty Burke · License #MA 137734-RE-B
Source: Crexi
Added: Mar 1, 2021 Changed: Aug 8 Last Checked: Aug 11 at 7:23PM

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 American Commercial Real Estate LLC

Investment Insights

Based on property information with market context.

Two spaces are available, ranging from 1,000 to 2,000 square feet, suitable for retail or office use. The space is divisible. The property is located in Worcester, opposite McDonald’s. A new Tropeiro’s Grill Brazilian Steakhouse has recently opened at the location.

Key Highlights

  • Prime location in Worcester.
  • Retail/office space available.
  • Divisible space offering flexibility (1,000 - 2,000 SF).

Property Analytics

Current Use

Corinthia Harris Oil ... (Bike/Boat/Book/etc) Store Cassie Rey Baby ... (Bike/Boat/Book/etc) Store Maria’s Beauty Hair Salon Worcester Divorce Mediation ... Law Firm

Suggested Use

Top Pick Electrical Service Law Firm HVAC Service Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,822
Businesses Nearby
54k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 87% Shops & Services 13%
McDonald's Dining
35,196 visits/mo 0.1 miles
Little Caesars Pizza Dining
6,641 visits/mo 0.2 miles
Dunkin' Donuts Dining
5,038 visits/mo 0.3 miles
U-Haul Shops & Services
3,406 visits/mo 0.1 miles
People's United Bank Shops & Services
2,864 visits/mo 0.2 miles

Demographics for 01604, MA

41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value

Market

Lease Benchmarks for Worcester, MA

$22.55 /SF/Yr
Avg Asking Price
$17.99–$37.5 /SF/Yr
Price Range
6,933 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Divisible retail/office space in Worcester's best location.
Where is this retail space located?
The property is located at 490 Shrewsbury St Worcester, MA.
What are key features of this property?
This property features: Prime location in Worcester.; Retail/office space available.; Divisible space offering flexibility (1,000 - 2,000 SF).
(508) 735-6378 Call to check price and availability
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