393-397 Shrewsbury St - Commercial LAND FOR SALE


Worcester, MA 01604 16,988 SF
$1,600,000 USD
774-239-5151
393-397 Shrewsbury St, Worcester, MA for Sale
$1,600,000 USD
Commercial LAND - FOR SALE
1/3
16,988 SF

393-397 Shrewsbury St
Worcester, MA 01604


OVERVIEW

Shrewsbury Street in Worcester is a vibrant commercial hub, known for its bustling restaurant scene, diverse local businesses, and rich cultural history. Ideally located with easy access to Interstate 290 and Route 9, it offers high visibility and convenience for both visitors and businesses. The area features a mix of dining, entertainment, and retail options, all within a walkable neighborhood that attracts significant foot traffic. Its proximity to downtown Worcester and Union Station makes it a prime location for those seeking a dynamic and accessible business environment. Location: 393, 395, and 397 Shrewsbury Street, Worcester, MA Parcel Size: 0.39 acres Zoning: MG-2 Permitted Development: Fully permitted for a 24-unit multifamily apartment complex Unit Type: Market-rate residential units Mixed-Use Component: Commercial space on the first floor, adding value for business operators Parking: Underground parking below the building for residents Prime Location: Situated on the bustling Shrewsbury Street, offering high visibility and access to major routes like I-290 Proximity to Amenities: Close to downtown Worcester, with dining, retail, and entertainment options nearby This fully permitted 0.39-acre parcel of land, located at 393, 395, and 397 Shrewsbury Street in Worcester, offers an exceptional development opportunity. The site has been fully approved for a 24-unit market-rate multifamily apartment complex. The design includes retail/commercial space on the first floor, adding a valuable mixed-use component, and underground parking for residents, enhancing convenience and accessibility. Situated on one of Worcester’s most vibrant streets, this project benefits from high visibility, easy access to major highways such as I-290, and proximity to downtown amenities, making it ideal for residential tenants and commercial operators alike. The location offers a blend of urban living with dining, retail, and entertainment just steps away.25,000 industrial, full build out 1 dock 1 drive in

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/ACRE

$4,102,661/AC

PRICE/SF

$94 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.39 AC

LAND SF

16,988 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

MG-2

APN/PARCEL ID

WORC-000016-000022-000020,WORC-000016-000024-000023,WORC-000016-000024-000030

ASK ABOUT THIS PROPERTY

James KeoghNAI Glickman Kovago & JacobsMore Info
774-239-5151

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James KeoghNAI Glickman Kovago & JacobsMore Info
774-239-5151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.