Listed by NAI Glickman Kovago & Jacobs, 128 CRE Commercial Real Estate Agency
$1,600,000
393-397 Shrewsbury St
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 35,500
Units 24
Stories 5
Acreage 0.390
Zoning MG-2
Investment Type Redevelopment
Multifamily
Marketing description
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.
Investment highlights
- Location: 393, 395, and 397 Shrewsbury Street, Worcester, MA
- Parcel Size: 0.39 acres
- 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
Listing Contacts
Listed by NAI Glickman Kovago & Jacobs, 128 CRE Commercial Real Estate Agency
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Zoning
MG-2.0 IndustrialGeneral Manufacturing 2 To 1 Floor Area Ratio
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View all 106 uses
View all 106 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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