5 Salem Square, Worcester, MA 01608

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5 Salem Square is aland property located in Worcester, MA. The property currently has 1 land for lease and is marketed by .

Kelleher & Sadowsky is pleased to be the exclusive brokers for 5 Salem Square in Worcester. This ±1.34 acre land site is located in the Worcester Central Business District. This parcel is situated within an Opportunity Zone, located within a Housing Development Inventive Program (HDIP) Zone, and has been designated as a Priority Development site. The current zoning is BG-6.0 which would allow for both high-rise and low-rise development according to the City of Worcester zoning regulations. Given recent development activity in Worcester, we believe the highest and best use for 5 Salem Square is residential use, with the following residential uses allowed by right: dormitory; group residence; high rise, multi-family dwelling; and low rise, multi-family dwelling. Other business uses that would be considered and are allowed by right would include a medical clinic; licensed hospital; non-accessory residential parking; schools, colleges & universities; bank; and office building.

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Suite	Space Type	Pricing	Size
---	Land	For lease: Negotiable
Kelleher & Sadowsky is pleased to be the exclusive brokers for 5 Salem Square in Worcester. This ±1.34 acre land site is located in the Worcester Central Business District. This parcel is situated within an Opportunity Zone, located within a Housing Development Inventive Program (HDIP) Zone, and has been designated as a Priority Development site. The current zoning is BG-6.0 which would allow for both high-rise and low-rise development according to the City of Worcester zoning regulations. Given recent development activity in Worcester, we believe the highest and best use for 5 Salem Square is residential use, with the following residential uses allowed by right: dormitory; group residence; high rise, multi-family dwelling; and low rise, multi-family dwelling. Other business uses that would be considered and are allowed by right would include a medical clinic; licensed hospital; non-accessory residential parking; schools, colleges & universities; bank; and office building.  « show less Kelleher & Sadowsky is pleased to be the exclusive brokers for 5 Salem Square in Worcester. This ±1.34 acre land site is located in the Worcester...  show more » View Details Kelleher & Sadowsky is pleased to be the exclusive brokers for 5 Salem Square in Worcester. This ±1.34 acre land site is located in the Worcester Central Business District. This parcel is situated within an Opportunity Zone, located within a Housing Development Inventive Program (HDIP) Zone, and has been designated as a Priority Development site. The current zoning is BG-6.0 which would allow for both high-rise and low-rise development according to the City of Worcester zoning regulations. Given recent development activity in Worcester, we believe the highest and best use for 5 Salem Square is residential use, with the following residential uses allowed by right: dormitory; group residence; high rise, multi-family dwelling; and low rise, multi-family dwelling. Other business uses that would be considered and are allowed by right would include a medical clinic; licensed hospital; non-accessory residential parking; schools, colleges & universities; bank; and office building. Pricing: Negotiable Availability: Now Listing ID: 3144212 Save to list