340 Shrewsbury St Worcester, MA 01604
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BG-2 · Worcester, MAWorcester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.