267 Shrewsbury St, Worcester MA 01604

Worcester, MA 01604

$4,200,000

Est. $26,755/month

11,940

Sq Ft

$352

Price/Sq Ft

0.46

Acres

1940

Year Built

536

Days on Market

Active Price Drop -$200,000 Listed Sep 6, 2024 • MLS# 73286355 Copied!

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About this home

11,940 Sq. Ft. Medical Office Building For Sale. Sale Price: $4,400,000 Cap Rate: 6.62% Investments Highlights:-Long-Term, 15-Year Lease With Approximately 8 Years Remaining-Corporate Guarantee From DaVita Inc, $17BN in Assets, S&P Rating “BB”-Ten Percent (10%) Rental Increases Occurring Every Five (5) Years-Highly attractive Retail Corridor

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Property Overview

Listing Type

Commercial Sale

Year Built

1940

Living Area

11,940 sq ft

Facts & Features

Home Facts

Type Commercial Sale

Year Built 1940

Living Area 11,940 sq ft

Lot Size 0.46 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other None

Financial

Annual Tax $63,805

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1940

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

267 Shrewsbury St, Worcester MA 01604

Worcester, MA 01604

Walkability

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Nearby Schools

School District

Worcester School District local

C-

🎓 Where Graduates Go Class of 2021

51% attend college

35% 4-Year 16% 2-Year 4% Out of State 4% Working

⚠ School Safety 2024-25

4.1% Above Average

3.3% Suspensions 1.7% In-School 0.8% Emergency

↓ 1.4% below state avg

E

Elementary Schools

3 schools

C-

Belmont Street Community School

0.4 mi | #720 of 824 | Score: 34.1

Dropped 111 spots from last year

-24.1 below state avg

615 students Diverse

Diverse Student Body Strong Attendance

Grades PK-06

F

City View School

0.5 mi | #812 of 824 | Score: 25.8

Dropped 79 spots from last year

-32.4 below state avg

464 students Diverse

Diverse Student Body

Grades PK-06

Venerini Academy

0.6 mi

Grades PK-08

M

Middle Schools

2 schools

The Nativity School of Worcester

0.9 mi

Grades 05-08

C-

Worcester East Middle School

1.1 mi | #298 of 352 | Score: 31.5

Improved 55 spots from last year

-26.7 below state avg

731 students Diverse

Rising School Diverse Student Body

Grades 06-08

H

High Schools

3 schools

C+

Worcester Technical High School

0.7 mi | #219 of 346 | Score: 49.8

Improved 47 spots from last year

-8.4 below state avg

1,442 students Diverse

19 sports • 1,016 athletes

Early College Program High Graduation Rate Rising School Career Tech Programs

Grades 09-12

C-

North High School

0.9 mi | #300 of 346 | Score: 37.9

Improved 27 spots from last year

-20.3 below state avg

1,376 students Diverse

14 sports • 498 athletes

Early College Program Rising School Career Tech Programs College Ready Curriculum

Grades 09-12

A+

Massachusetts Academy of Math and Science at WPI

1.1 mi | #2 of 346 | Score: 91.7

Same rank as last year

99 students Diverse

Strong AP Program College Ready Curriculum Strong Attendance

Grades 11-12

Learn about these ratings

Composite Score Letter Grades MCAS MassCore Percentile Rank

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All Subjects ELA Math Science

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $5,317

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

Sep 6, 2024

$4,200,000

Original listing

Agent: Bret O'Brien Office: Greater Boston Commercial Properties, Inc.

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
09/06/2024	🏠 Listed for Sale	$4,200,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Sep 6, 2024	New Listing Added	$4,200,000	—

Market Statistics

Days on Market

536 days

Price per Sq Ft

$352

Total Price Drop

-$200,000

Tax History

Year	Taxes	Assessment
2024	$63,805	—

Financial Details

Annual Property Tax

$63,805

Tax Year 2024

Listing Information

Listing Agent Bret O'Brien

Listing Office Greater Boston Commercial Properties, Inc.

Agent MLS ID CT004352

Office MLS ID AC1267

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.