Land Available For Lease @ 5 Salem Sq

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. This space offers accomodations for: other.