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120 Thomas St, Worcester, MA 01608

First-class, three-story office building undergoing major renovations.

Space Size2,250 SF - 5,520 SF
Property Size32,000 SF
Days on Market1113

Property Features for 120 Thomas St

General Information

Standard status Active
Size 2,250 SF - 5,520 SF
Class A
Total Parking Spaces 100
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 32,000 SF
Tenancy Multiple

Spaces For Lease

at 120 Thomas St Contact us

Suite 200

Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 240

Size
5,520 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 300

Size
2,250 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 340

Size
3,660 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: First American Realty, Inc
Listed By: Matthew Shwachman · License #MA
Source: Crexi
Added: Aug 19, 2023 Changed: Aug 26 Last Checked: Aug 31 at 5:09AM

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 First American Realty, Inc

Investment Insights

Based on property information with market context.

The property at 120 Thomas Street is a 32,000 square foot, three-story professional office building. Formerly the home of the Worcester VNA, the building is undergoing a major renovation. Renovations include a new roof, skylight, lobby, elevator, hallways, and building facade. The property is under new ownership and is professionally managed. It features 24-hour controlled access and generous parking.

Key Highlights

  • Major renovation underway including new roof, skylight, lobby, elevator, hallways, and building facade.
  • 32,000 SF first class professional office building.
  • Under new ownership and professionally managed.

Property Analytics

Current Use

Faucher Direct Care Physician Jessica Piper Physician Gameday Men’s Health ... Physician

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Catering Service Pet Store Pet Store & Service Restaurant

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
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,250
Businesses Nearby

Demographics for 01608, MA

4,996
Population
2,565
Households
1.9
Avg Household Size
28
Median Age
29%
College-Educated
74%
High-School Grad
0.5 sq mi
ZIP Area
9,992
Density / Sq Mi
$45,962
Median Household Income
$36,596
Median Earnings
$1,461
Median Rent
$117,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - First-class, three-story office building undergoing major renovations.
Where is this office building located?
The property is located at 120 Thomas St Worcester, MA.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: Major renovation underway including new roof, skylight, lobby, elevator, hallways, and building facade.; 32,000 SF first class professional office building.; Under new ownership and professionally managed.
More about this property
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