Worcester, Massachusetts, is an attractive destination for investors seeking Industrial Properties For Sale. With its central location in the state and proximity to Boston, Worcester offers a unique blend of history, education, and innovation, making it an ideal place to invest in Industrial Properties. These properties can represent a range of investments, from warehouses and manufacturing facilities to research and development spaces, offering a diverse portfolio of opportunities. Worcester's amenities, infrastructure, location, education, and geography make it an attractive location for Industrial Properties. The city is home to several colleges and universities, including the College of the Holy Cross, Worcester Polytechnic Institute (WPI), and Clark University, providing a skilled workforce and access to cutting-edge research. Additionally, Worcester's location at the intersection of Interstate 290, Interstate 190, and Route 9 makes it an ideal hub for transportation and logistics. The city's rich history, cultural attractions, and outdoor recreational opportunities, such as Green Hill Park and Lake Quinsigamond, also make it an attractive place to live and work.
With 22 Industrial Properties For Sale in Worcester, investors have a range of options to choose from. Worcester's Industrial Properties are part of a larger landscape of commercial real estate, which also includes Warehouses, Land, Apartment Buildings, and Commercial Real Estate. Warehouses in Worcester offer opportunities for storage and distribution, while Land provides a blank canvas for development. Apartment Buildings in Worcester cater to the city's growing population of students, professionals, and families, and Commercial Real Estate offers a range of office and retail spaces. Worcester's Industrial Properties are situated in a city that is home to major corporations, such as Norton Abrasives, Morgan Construction Company, and Hanover Insurance, and is a hub for biotechnology and healthcare. With its unique blend of history, education, and innovation, Worcester is an attractive destination for investors seeking Industrial Properties For Sale.
What is the average price per square foot for industrial properties in Worcester?
As of now, there are 22 industrial properties for sale in Worcester, with an average price per square foot of $195 USD and an average size of 85,605 square feet, making it an attractive option for businesses and investors looking to establish a presence in this central Massachusetts city.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Worcester, Massachusetts, as they impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major highways, such as Interstate 290, Interstate 190, and Route 9, can increase property values due to improved accessibility and reduced transportation costs.
- Properties near transportation hubs, like Union Station and Worcester Regional Airport, may command higher prices due to their convenience and connectivity to regional and national markets.
- In Worcester, where industrial properties are available for sale, with 22 listings, averaging $195 USD per square foot, and ranging in size from 85,605 square feet to 691,000 square feet, location and transportation access can significantly impact property values and desirability.
