Worcester, Massachusetts, offers a unique opportunity for investors to capitalize on the city's diverse economy and rich history. With 10 warehouses for sale, Worcester provides a range of options for those looking to invest in industrial properties. Warehouses in Worcester can represent a variety of investments, from light industrial spaces to heavy manufacturing facilities, and even distribution centers. The city's strategic location, approximately 40 miles west of Boston, makes it an attractive option for businesses looking to serve the New England market. Worcester's amenities, including its municipally owned water supply, sewage disposal services, and electric power distribution, make it an ideal location for industrial properties. Additionally, the city's educational institutions, such as the College of the Holy Cross, Worcester Polytechnic Institute, and Clark University, provide a skilled workforce, further enhancing the city's appeal. Worcester's geography, with its hills and proximity to the Blackstone River, also makes it an attractive location for businesses looking to establish a presence in the region.
Worcester's warehouses for sale offer a range of options for investors, from small, light industrial spaces to large, heavy manufacturing facilities. The city's industrial properties are complemented by its other property types, including industrial properties, land, residential income homes, and commercial real estate. For example, industrial properties in Worcester offer a range of options for businesses looking to establish a manufacturing presence in the region. Land in Worcester provides opportunities for development and growth, while residential income homes offer a steady stream of revenue for investors. Commercial real estate in Worcester, including office spaces and retail properties, provides a range of options for businesses looking to establish a presence in the city. With its diverse economy and rich history, Worcester is an attractive option for investors looking to capitalize on the city's growth and development. The city's attractions, including the Worcester Art Museum and the Worcester Memorial Auditorium, make it an attractive location for businesses and residents alike, further enhancing its appeal as a place to invest.
What are the key features investors look for in warehouses in Worcester?
When searching for warehouses in Worcester, investors typically look for key features that ensure a profitable and efficient operation, including:
- Average price per square foot of $177 USD, with available listings totaling 10 and average sizes ranging from 45,272 square feet to 251,202 square feet.
- Proximity to major roads, such as Interstate 290, Interstate 190, Route 9, Route 12, Route 146, and Route 20, as well as access to Union Station and Worcester Regional Airport, ensuring easy transportation and logistics.
- Average cap rate of 7%, indicating a strong potential for returns on investment, along with amenities like loading docks, ceiling heights, and office spaces that support various industrial and commercial uses.
What size warehouses are available to buy in Worcester?
Warehouses for sale in Worcester range in size from 45,272 square feet to 251,202 square feet, with 10 available listings to choose from, offering a variety of options for businesses and investors looking to establish a presence in this central Massachusetts city.
How much does it cost to buy a warehouse in Worcester?
Currently, there are 10 available listings of warehouses for sale in Worcester, with an average price per square foot of $177 USD, and an average size of 45,272 square feet, ranging up to 251,202 square feet, with an average cap rate of 7%.
