393-397 Shrewsbury St
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393-397 Shrewsbury St
0.39 Acres of Commercial Land Offered at $1,600,000 in Worcester, MA 01604
Executive Summary
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
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
Property Facts
| Price | $1,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.39 AC |
| Property Type | Land |
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.39 AC |
1 Lot Available
Lot
| Price | $1,600,000 | Lot Size | 0.39 AC |
| Price Per AC | $4,102,564 |
| Price | $1,600,000 |
| Price Per AC | $4,102,564 |
| Lot Size | 0.39 AC |
Parcel Size: 0.39 acres Zoning: MG-2 Permitted Development: Fully permitted for a 24-unit multifamily apartment complex
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,400 | |
| Land Assessment | $283,800 | Total Assessment | $297,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$283,800
Improvements Assessment
$13,400
Total Assessment
$297,200
zoning
| Zoning Code | MG-2 (Manufacturing , General) |
| MG-2 (Manufacturing , General) |
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393-397 Shrewsbury St
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