300 Grove St Worcester, MA 01605
- Hospitals
- 19,376 SF
- 1.39 lot acres
Current Use by Public Records
- Worcester Dental Arts / Dentist / Cosmetic Dentist
- Worcester Surgical Center / Surgical Center
- Narayan Vikram P MD / Anesthesiologist
- APURVA ASHOK SHAH / Obstetrician-Gynecologist
- Michael A Geffin / Urologist
Property Details for 300 Grove St
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.39 lot acres
- Property size
- 19,376 SF
- Zone code
- MG-.5
- Property type
- Hospitals
- APN
- WORC M:13 B:032 L:10+11
- APU
- WORCM13B032L1011
Description
This exceptional 1,700 square foot medical office space is located at 300 Grove Street in Worcester, Massachusetts, 01605. The building, a Class C property totaling 20,076 square feet, underwent a complete renovation in 2023. The space is part of a single-tenant building and offers a prime location directly across from the new Trolley Yard retail development, ensuring high visibility and accessibility. The building itself is a well-established medical office building, previously home to the Worcester Surgical Center. This location provides easy access to a variety of amenities, including restaurants, banks, and retail shops along Gold Star Boulevard, all within walking distance. Furthermore, its strategic position offers unparalleled highway access to I-190, I-290, I-495, and I-90 (Mass Pike), making commuting for both staff and clients exceptionally convenient. Built in 1955, this property offers a blend of history and modern updates, providing a fresh and professional environment for medical practices. The available space is ideal for medical professionals seeking a well-situated and recently renovated office in Worcester County. This is a single-tenant occupancy opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,240,000
- 6.5%
- $9,540,000
- 7%
- $8,900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,520,000
- Geo Method
- $8,780,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $9,585,000
- Retail
- $11,175,000
- Mixed-Use
- $8,830,000
- Hospitality
- $8,445,000
- Educational
- $8,640,000
- Residential Income
- $10,070,000
- Energy
- $10,480,000
- Income-Based Land
- $10,570,000
- Food Service
- $10,390,000
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.8063
- Latitude
- 42.2835
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA