318 Shrewsbury St Worcester, MA 01604-4613
Property Lookup
Property profile & analytics
318 Shrewsbury St Worcester, MA 01604-4613
- Auto shops
- 3,038 SF
- 0.09 lot acres
Property ID
US38-1753297
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sam's Auto Body Shop / Auto Repair Shop
Property Details for 318 Shrewsbury St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 3,038 SF
- Zone code
- BG-2
- Property type
- Auto shops
- APN
- WORC M:16 B:019 L:00043
- APU
- WORCM16B019L00043
Description
This exceptional investment opportunity presents a 5,200 square foot auto shop located at 318 Shrewsbury Street in Worcester, Massachusetts. The property boasts a prime location on Shrewsbury Street, offering convenient access to Route 9, I-290, and Worcester's Central Business District. Currently occupied by a national franchise, Auto Glass Now!, under a triple-net (NNN) lease with four years remaining, this single-tenant property guarantees a stable income stream. The building sits on a 9,732 square foot lot and is zoned BG-2. Significant improvements were recently completed by both the owner and tenant at the beginning of 2023, enhancing the property's value and appeal. With 100% occupancy and a compelling 7.00% cap rate, this property offers a strong return on investment. The asking price is $1,200,000. This is a turnkey investment opportunity with a long-term lease in place, minimizing management responsibilities and maximizing potential returns. The property's strategic location and strong tenant ensure a secure and profitable investment for years to come. This is a rare opportunity to acquire a high-performing asset in a thriving Worcester market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Worcester
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.7793
- Latitude
- 42.2694
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,506
$100,900
$315,400
$416,300
-
$0.00
$0.00
$0.00
