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1 New Bond St Worcester, MA 01606

51-Acre Redevelopment Opportunity, MG-1 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 51-acre industrial land parcel in Worcester, Massachusetts, presents a unique redevelopment opportunity. Currently occupied by Saint-Gobain Abrasives, Inc., which is relocating, the property is poised for transformation. Recently acquired by a non-profit subsidiary of the Worcester Business Development Corporation (WBDC), the site is offered in phases, starting with 15 acres (expandable to 29.67 acres). The WBDC is committed to facilitating development by handling infrastructure improvements, including new road construction, utility upgrades, environmental remediation, and demolition of existing structures. Zoned MG-1, the site allows for diverse uses such as industrial, warehouse, distribution, life science, and high-tech manufacturing, with a potential build-out of up to 950,000 square feet. Located at 1 New Bond St, Worcester, MA 01606, this property offers significant potential for developers seeking a large, assembled site in a thriving market, benefiting from the strong economic expansion extending from Boston to Worcester. The phased acquisition approach allows for strategic development and minimizes upfront investment risk. This is a rare chance to partner with the WBDC to create a state-of-the-art commercial development in a prime location.

Highlights

  • ±51-acre industrial land redevelopment site in Worcester, MA.
  • Recently acquired by a non-profit organization affiliated with the Worcester Business Development Corporation (WBDC).
  • Currently occupied by Saint-Gobain Abrasives, Inc., with planned future relocation.
  • Phased acquisition available, starting with 15 acres, expandable to 29.67 acres.
  • WBDC will manage infrastructure improvements, including road construction, utility upgrades, environmental remediation, and demolition.
  • MG-1 zoning permits industrial, warehouse, distribution, life science, and high-tech manufacturing uses; potential for up to 950,000 square feet of development.

Property Details for 1 New Bond St

Property type
Warehouses, Land
Lot Size (sq. ft)
2,221,560 SF

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.3058891
Longitude
-71.8045459

FAQs

What type of property is this?
Warehouse - 51-Acre Redevelopment Opportunity, MG-1 Zoning
Where is the warehouse located?
The property is located at 1 New Bond St Worcester, MA.
What are key features of this property?
This property features: ±51-acre industrial land redevelopment site in Worcester, MA.; Recently acquired by a non-profit organization affiliated with the Worcester Business Development Corporation (WBDC).; Currently occupied by Saint-Gobain Abrasives, Inc., with planned future relocation.
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1 New Bond St
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