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    306 Belmont St Worcester, MA 01604

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Worcester location, 25,533 sq ft available

    Lot size:
    78,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A executive office space, totaling 25,533 square feet, is immediately available for sublease at 306 Belmont Street in Worcester, Massachusetts. Previously occupied by UMass Memorial Health, the space is in excellent condition and features a desirable layout including private offices, open work areas, training rooms, and multiple conference rooms. The sublease may include some existing furniture. The building boasts 78,916 total square feet and offers 260 surface parking spaces. Situated on Route 9, with convenient access to I-290, this location provides easy access to local amenities, colleges, and surrounding communities. The property benefits from a highly desirable location directly across from UMass Memorial Health's University Campus and Abbvie Inc.'s Bio-research center, and is adjacent to the new biotech park, The Reactory. This presents a unique opportunity to establish your business within Worcester's thriving life sciences and biotech sector. The property is zoned ML-10 and was built in 1940. The available space ranges from 11,996 to 25,533 square feet, offering flexibility for various business needs. This is a multi-tenant building. Don't miss the chance to secure this prime office space in a rapidly growing area.

    Property Features for 306 Belmont St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,916 SF
    Class
    A
    Total Rate
    128238.5

    Building Details

    Year Built
    1940

    Unit(s) available at that property

    Space
    Available Space
    Size
    25,533 SF
    Rate per SF
    $19

    HighLights

    • Class A, 78,916 SF office building in Worcester County.
    • 25,533 SF of immediately available executive office space for sublease.
    • Multiple tenancy available, ranging from 11,996 SF to 25,533 SF.
    • Building features private offices, open areas, training rooms, and conference rooms.
    • 260 surface parking spaces.
    • Located on Route 9, minutes from I‑290, near UMass Memorial Health, AbbVie Inc., and The Reactory biotech park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magit David P ... Orthopedic Surgeon UMass Memorial Health ... Medical Clinic

    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
    -71.767661
    Latitude
    42.2726767

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Worcester location, 25,533 sq ft available
    Where is this office property / space located?
    The property is located at 306 Belmont St Worcester, MA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Class A, 78,916 SF office building in Worcester County.; 25,533 SF of immediately available executive office space for sublease.; Multiple tenancy available, ranging from 11,996 SF to 25,533 SF.
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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
    306 Belmont St Worcester, MA 01604
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