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    644 Park Ave Worcester, MA 01603

    Sponsored
    For Lease
    $17 SF/Yr ($5,170 /Mo)

    New 3,650 sq ft Office, Prime Park Ave Location

    Lot size:
    3,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,650 square-foot Class A office space represents a unique opportunity for businesses seeking a brand-new, single-tenant building in the highly desirable Park Ave submarket. Scheduled for completion in 2024, this build-to-suit property offers unparalleled flexibility to customize the interior to perfectly match your company's specific needs. The building boasts ample parking with 20 spaces available, ensuring convenient access for employees and clients. Its prime location on Park Avenue provides excellent visibility and accessibility, situated alongside established businesses such as Dunkin', guaranteeing high foot traffic and brand recognition. The B4 zoning allows for a variety of commercial uses, making this property suitable for a wide range of businesses. The absence of elevators is noted, however, the single-tenant nature of the building may mitigate this factor. This is a rare chance to secure a modern, efficient, and strategically located office space in a thriving commercial area. Don't miss the opportunity to establish your business in this highly sought-after location. The property features prominent signage opportunities, further enhancing its visibility and marketing potential. This build-to-suit property offers a blank canvas for your business to thrive.

    Property Features for 644 Park Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,650 SF
    Class
    A
    Total Rate
    5170.83

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Size
    3,650 SF
    Rate per SF
    $17

    HighLights

    • Brand new, 3,650 square foot Class A office building.
    • Single‑tenant occupancy.
    • Located on Park Avenue in the Park Ave submarket, near established businesses.
    • 20 parking spaces available.
    • No elevators.
    • B4 zoning.
    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
    -71.834705651342
    Latitude
    42.246398618387

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    FAQs

    What type of property is this?
    Restaurant - New 3,650 sq ft Office, Prime Park Ave Location
    Where is this restaurant located?
    The property is located at 644 Park Ave Worcester, MA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Brand new, 3,650 square foot Class A office building.; Single-tenant occupancy.; Located on Park Avenue in the Park Ave submarket, near established businesses.
    Request Owner's contact information
    644 Park Ave Worcester, MA 01603
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    Worcester, MA 01603
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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
    644 Park Ave Worcester, MA 01603
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