306 Belmont St, Worcester, MA 01604
- Office buildings
- 81,732 SF
- 4.65 lot acres
Current Use by Public Records
- Magit David P MD / Physician
- UMass Memorial Health Ventures, Inc. - Corporate / Medical Clinic
Property Details for 306 Belmont St
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.65 lot acres
- Zone code
- ML10
- Property type
- Office buildings
- APN
- WORC M:17 B:027 L:00001
- APU
- WORCM17B027L00001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 9, 2016 | $17,550,000 | 306 Belmont Street LLC | Are Belmont LLC | Quit Claim Deed · related | $11.4M · Leader Bank NA |
| Apr 29, 2004 | $13,905,000 | Are Belmont LLC | Alc Worc Research LLC | Grant Deed | — |
| Apr 29, 2004 | $1 | Are Belmont LLC | Eastview Apts Assoc | Grant Deed · related | — |
| Aug 19, 2003 | — | Alc Worc Research LLC | — | Deed Of Trust · related | $9.6M · Key Bank NA |
| Nov 29, 2001 | — | Worcester Research LLC | — | Deed Of Trust · related | $6.2M · Commerce Bank & Trust |
| Apr 4, 2001 | — | Worcester Research LLC | — | Deed Of Trust · related | $500k · Flagship Bank & Trust |
| Oct 15, 1999 | — | Worcester Research LLC | — | Deed Of Trust · related | $368k · Flagship Bank & Trust |
| Apr 1, 1999 | $3,250,000 | Worcester Research LLC | Kenney,robert J | Grant Deed | $2.6M · Flagship Bank & Trust |
| Nov 20, 1995 | $231,272 | Robert J Kenney | Kenney,john F JR | Grant Deed · related | $171k · Zwi Kohorn |
| Jun 30, 1995 | $300,000 | Robert Kenney | Gewandter,howard | Grant Deed | — |
| Apr 5, 1995 | $150,000 | Robert Kenney | Gewandter,katherine | Grant Deed | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,559,000
- AI Estimate
- $9,360,000
Market price range: $6.69M - $15.3MMarket price range: $2.90M - $11.9M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $10,190,000 Current use
- RESTAURANT
- $17,000,000 Change: +67% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $13,970,000 Change: +37% Conversion: Difficult
- RETAIL STORES
- $11,940,000 Change: +17% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $10,315,000 Change: +1% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $9,805,000 Change: -4% Conversion: Easy
- COMMERCIAL (GENERAL)
- $9,060,000 Change: -11% Conversion: Easy
- WAREHOUSE, STORAGE
- $8,200,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7678
- Latitude
- 42.2726
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
