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Property profile & analytics
FOR LEASE
Manufacturing properties

340 Shrewsbury St Worcester, MA 01604

3,648 SF 0.27 ac lot Built 1920
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-1337006
Property summary
AI-generated overview

This exceptional 3,648-square-foot executive office space at 340 Shrewsbury Street in Worcester, Massachusetts, presents a unique investment or lease opportunity. Situated on a 0.27-acre lot, this single-tenant property boasts a convenient location in the heart of Shrewsbury Street, a vibrant area known for its numerous amenities. Built in 1920, the building offers ample onsite parking with 30 spaces, a significant advantage in this desirable location. The property is zoned BG-2 and is readily accessible to major transportation arteries, including Route 9 and I-290, as well as Worcester's Central Business District. The entire 3,648 square feet is currently vacant, providing a blank canvas for a discerning tenant or buyer to customize the space to their specific needs. Previously utilized as a retail printing shop, the building offers excellent potential for a variety of executive office uses. This property represents a rare chance to acquire a well-located, sizable space in a thriving Worcester neighborhood. The ample parking and convenient access to major roadways make this an attractive option for businesses seeking a prominent and easily accessible location. The property's zoning designation (BG-2) should be verified with Worcester County for specific permitted uses.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1920
Construction FRAME
Total area 3,648 SF
Lot 0.27 ac (11,934 SF)
Zoning code BG-2
APN WORC M:16 B:020 L:13+14
UPID US38-1337006
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
340 Shrewsbury St Realty · 6 yrs held
340 Shrewsbury St Realty
since 2020
2 recorded transactions
2020
$900,000
2014
Price N/A
Zoning & alternative use
BG-2 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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