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Property profile

340 Shrewsbury St Worcester, MA 01604

FOR SALE
Manufacturing properties
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Property ID
US38-1337006
3,648 SF 0.27 ac Built 1920
Last sale Apr 2020·$900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
340 Shrewsbury St, Worcester, MA 01604 For Sale 1 / 3
Contact for pricing 3,648 SF
340 Shrewsbury St, Worcester, MA 01604
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Property summary

AI-generated overview

The property is located on Shrewsbury Street in Worcester, Massachusetts, in a retail-oriented neighborhood. It provides approximately 30 on-site parking spaces and is positioned with convenient access to Route 9 and I-290 as well as proximity to Worcester’s Central Business District. The building has historically been used as a retail printing shop and is configured for retail use. Nearby landmarks include the Worcester Art Museum, EcoTarium, and Institute Park.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$316k
Assessed land$93k
Assessed improvement$223k
Effective rate3.00%

Value estimate

· Nov 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$77k
Vacancy & credit loss−$5k
Operating expenses−$21k
NOI · 5.14% cap applied$50k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$39 – $128

Cap rate analysis

How does the asset earn?
5.14%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BG-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.1
Laundry Service10.3
Electrical Service10.0

Location

340 Shrewsbury St Worcester, MA 01604
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
290 Franklin, Worcester, MA 01604-4914 $13,500,000 Jan 2025 8,500 SF
50 Suffolk, Worcester, MA 01604-4091 $600,000 Jul 2024 21,803 SF
167 Cutoff, Worcester, MA 01604-2728 $1,250,000 Feb 2023 12,426 SF
1451 Grafton, Worcester, MA 01604-2718 $235,000 Jul 2022 29,254 SF
26 Plum, Worcester, MA 01604 $120,000 Jun 2019 6,010 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $485,000
    6,010 SF
    26 Plum St
    MANUFACTURING (LIGHT)
    26 Plum St, Worcester, MA 01604
    View Details
  • Value Estimation
    $235,000
    2,048 SF
    9 Short St
    MANUFACTURING (LIGHT)
    9 Short St, Worcester, MA 01604-3320
    View Details
  • Value Estimation
    $635,000
    7,316 SF
    148 Blithewood Ave
    MANUFACTURING (LIGHT)
    148 Blithewood Ave, Worcester, MA 01604
    View Details
  • Value Estimation by Request
    8,500 SF
    290 Franklin St
    MANUFACTURING (LIGHT)
    290 Franklin St, Worcester, MA 01604-4914
    View Details
  • Value Estimation
    $840,000
    9,572 SF
    19 Wls St
    MANUFACTURING (LIGHT)
    19 Wls St, Worcester, MA 01604-1727
    View Details
  • Value Estimation
    $1,120,000
    11,976 SF
    379 Cutoff
    MANUFACTURING (LIGHT)
    379 Cutoff, Worcester, MA 01604-2713
    View Details

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Similar in This City for Lease

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  • New
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Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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