Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    340 Shrewsbury St Worcester, MA 01604

    Sponsored
    For Lease
    $25 SF/Yr ($7,600 /Mo)

    Prime Worcester location, 3,648 sq ft.

    Lot size:
    3,648 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,648-square-foot executive office space at 340 Shrewsbury Street in Worcester, Massachusetts, presents a unique investment or lease opportunity. Situated on a 0.27-acre lot, this single-tenant property boasts a convenient location in the heart of Shrewsbury Street, a vibrant area known for its numerous amenities. Built in 1920, the building offers ample onsite parking with 30 spaces, a significant advantage in this desirable location. The property is zoned BG-2 and is readily accessible to major transportation arteries, including Route 9 and I-290, as well as Worcester's Central Business District. The entire 3,648 square feet is currently vacant, providing a blank canvas for a discerning tenant or buyer to customize the space to their specific needs. Previously utilized as a retail printing shop, the building offers excellent potential for a variety of executive office uses. This property represents a rare chance to acquire a well-located, sizable space in a thriving Worcester neighborhood. The ample parking and convenient access to major roadways make this an attractive option for businesses seeking a prominent and easily accessible location. The property's zoning designation (BG-2) should be verified with Worcester County for specific permitted uses.

    Property Features for 340 Shrewsbury St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,648 SF
    Total Rate
    7600

    Building Details

    Year Built
    1920

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,648 SF
    Rate per SF
    $25

    HighLights

    • 3,648 SF retail/office building available for sale or lease in Worcester, MA.
    • Single‑tenant occupancy.
    • Located on Shrewsbury Street with ample on‑site parking (30 spaces).
    • 0.27‑acre lot.
    • Built in 1920; Zoned BG‑2 in Worcester County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -71.778533
    Latitude
    42.2700624

    Nearby Similar for Lease

    • $1.20 SF/Yr
      2,075 SF

      Worcester Retail Space Available

      High-traffic location, 2075 sq ft.
      5 Massasoit Rd Worcester, MA 01604, Worcester, MA 01604
      View Details
    • $500 /Mo

      Worcester Offices for Lease

      Four individual offices in the heart of Worcester for lease.
      51 Union St, Worcester, MA 01608
      View Details
    • $800 /Mo
      5,001 SF

      Downtown Worcester Office Space

      Customizable office space in downtown Worcester with ample parking.
      11 Pleasant St, Worcester, MA 01609
      View Details
    • $1,650 /Mo

      Updated Retail Space on Pleasant

      Move-in ready retail space with high visibility in Worcester.
      244 Pleasant St, Worcester, MA 01609
      View Details
    • $18 SF/Yr
      12,001 SF

      Worcester Commercial Space For Rent

      1,750 SF first-floor suite ideal for medical or retail/office.
      352 Belmont St, Worcester, MA 01604
      View Details
    • $1,600 /Mo

      Loft Style Office Space

      Office space with open layout, exposed brick, utilities included.
      51 Union St, Worcester, MA 01608
      View Details
    • $20 SF/Yr
      2,400 SF

      Worcester Medical Office Suite

      Prime Worcester medical space, flexible layout, ample parking.
      130 Lincoln St Worcester, MA 01605, Worcester, MA 01605
      View Details
    • $900 /Mo

      Loft Style Office Space

      Loft-style office space with open layout and included utilities.
      51 Union St, Worcester, MA 01608
      View Details
    • $800 /Mo

      Loft Style Office Space

      Two-room loft office with utilities included, available 9/1/24.
      51 Union St, Worcester, MA 01608
      View Details
    • $15 SF/Yr
      24,829 SF

      Versatile Retail Space in Worcester

      Spacious retail unit with office and warehouse potential.
      589 Park Ave, Worcester, MA 01603
      View Details
    • $21 SF/Yr
      72,000 SF

      Refurbished Office Property in Worcester

      72,000 square foot office property in a prime location.
      108 Grove Street Ter, Worcester, MA 01605
      View Details
    • Contact for pricing
      7,200 SF

      Renovated Medical Office Space Available

      7,200 SF medical office space in a renovated building.
      190 Fremont St, Worcester, MA 01603
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Worcester location, 3,648 sq ft.
    Where is this office property / space located?
    The property is located at 340 Shrewsbury St Worcester, MA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 3,648 SF retail/office building available for sale or lease in Worcester, MA.; Single-tenant occupancy.; Located on Shrewsbury Street with ample on-site parking (30 spaces).
    Request Owner's contact information
    340 Shrewsbury St Worcester, MA 01604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Shrewsbury St
    Worcester, MA 01604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    340 Shrewsbury St Worcester, MA 01604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.