Commercial Land for sale in Worcester, Massachusetts, offers a unique opportunity for investors and developers to tap into the city's growing economy. With a rich history dating back to colonial times, Worcester has evolved from an industrial city to a hub of higher education, healthcare, and biotechnology. This shift has created a demand for commercial properties, making Commercial Land a valuable investment opportunity. Commercial Land can represent a range of investments, from retail and office spaces to industrial and mixed-use developments. Worcester's strategic location, approximately 40 miles west of Boston, makes it an attractive option for businesses and commuters alike. The city's amenities, including its colleges and universities, such as the College of the Holy Cross, Worcester Polytechnic Institute (WPI), and Clark University, as well as its healthcare institutions, like UMass Memorial Health Care and Saint Vincent Hospital, contribute to its desirability. Worcester's geography, with its hills and lakes, also provides a unique setting for businesses and residents. The city's attractions, including the Worcester Art Museum and the Worcester Memorial Auditorium, make it a great place for business and travel.
Worcester's Commercial Land market offers 34 listings, with an average price per square foot of $148 USD and an average size of 25,459 square feet. The largest available property spans 36,323 square feet. With an average cap rate of 11.92%, Commercial Land in Worcester presents a compelling investment opportunity. In addition to Commercial Land, Worcester also offers other property types, such as office spaces, retail properties, and industrial land. The city's diverse economy, strong infrastructure, and rich history make it an attractive location for businesses and investors. Worcester's unique blend of education, healthcare, and technology industries, combined with its cultural attractions, create a dynamic environment that supports growth and development.
What are common commercial uses for land in the Worcester market?
Commercial land in Worcester is often utilized for a variety of purposes, including office spaces, retail centers, industrial facilities, and healthcare institutions, taking advantage of the city's strong connections to Boston's suburbs and its position as a regional government, employment, and transportation center.
With 34 available listings of commercial land, Worcester offers opportunities for businesses to establish themselves in a city with a rich history, diverse population, and a strong presence of higher education, healthcare, and biotechnology industries, with average prices per square foot at $148 USD and average sizes ranging from 25,459 square feet to 36,323 square feet, and an average cap rate of 11.92%.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Worcester, Massachusetts, there are several common ways to do so. For instance, you can buy land directly from a private seller, work with a commercial real estate broker, or explore online marketplaces like LoopNet, which offers a comprehensive guide on how to buy land.
