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MA
Worcester
01603
190 Fremont St

Property profile

190 Fremont St Worcester, MA 01603

FOR LEASE

Office Spaces

Property ID

US38-0741285

7,200 SF 0.41 ac lot Built 1960

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Contact for pricing 7,200 SF available

190 Fremont St, Worcester, MA 01603
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This exceptional 7,200 square foot medical office building in Worcester, MA, presents a compelling core investment opportunity. Situated on a 0.41-acre lot at 190 Fremont St, this single-tenant, Class C property boasts a long-term lease with a well-established, multi-state healthcare franchisee (Brightview). The building, constructed in 1960 and recently renovated to the tenant's specifications at their expense, is a durable brick/masonry and steel structure. The 3-story building features 20 parking spaces and is fully accessible on the ground and first floors, each equipped with galley kitchenettes and bathrooms. The property benefits from a proven rental history and a lease that includes rent bumps. Zoned BL-1, this investment offers significant long-term stability, enhanced by the tenant's successful track record and the landlord's proactive securing of municipal approvals for Substance Abuse Recovery Treatment. This stand-alone building represents a low-maintenance, high-return investment in a desirable location. The property's strong tenant and lease terms, coupled with its recent renovations, make it an attractive opportunity for discerning investors seeking a stable, cash-flowing asset.

Property type Office Spaces

Year built 1960

Total area 7,200 SF

Lot 0.41 ac (17,860 SF)

UPID US38-0741285

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Medical Clinic
High School

190 Fremont St Worcester, MA 01603

Worcester metro

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