For Sale
$2,500,000

14 Putnam Ln Worcester, MA 01604

1.5-Acre Flex Space Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 1.5-acre industrial property in Worcester, Massachusetts, presents a unique redevelopment opportunity. Located at 14 Putnam Ln, 01604, this site boasts a 13,500 square foot flex space building, built in 1965, featuring 12 loading docks and 11 dock-high doors. The building offers ceiling heights ranging from 12 to 18 feet, providing ample versatility for various uses. The asking price is $2,500,000, translating to $185.19 per square foot. Its prime location on Shrewsbury Street, Worcester's main dining destination, offers unparalleled walkability to Union Station and numerous restaurants. The site's zoning and potential allow for the development of approximately ninety residential units, based on comparable projects in the area. This makes it an attractive investment for developers seeking a high-amenity location within a thriving 200,000-person city. The existing flex space is suitable for a brewery, creative office, or maker space, offering immediate income potential while redevelopment plans are underway. This property represents a rare blend of immediate usability and significant long-term development potential in a highly desirable urban setting.

Highlights

  • 1.5-acre industrial development site in Worcester, MA, at 14 Putnam Ln, 01604, with a 13,500 SF flex building including 12 loading docks and 11 dock-high doors.
  • Building features 12-18' ceiling heights, suitable for brewery, creative office, or maker space. Asking price: $2,500,000 ($185.19/SF).
  • Prime Shrewsbury Street location offers walkability to Union Station and restaurants; zoning allows for approx. 90 residential units.

Property Details for 14 Putnam Ln

Property type
Industrial properties, Flex space
Square Feet
13,500 SF
Year Built
1965
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Worcester
County
Worcester
State
Massachusetts
Latitude
42.268254118373
Longitude
-71.778112626408

FAQs

What type of property is this?
Industrial property - 1.5-Acre Flex Space Redevelopment
Where is the industrial property located?
The property is located at 14 Putnam Ln Worcester, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.5-acre industrial development site in Worcester, MA, at 14 Putnam Ln, 01604, with a 13,500 SF flex building including 12 loading docks and 11 dock-high doors.; Building features 12-18' ceiling heights, suitable for brewery, creative office, or maker space. Asking price: $2,500,000 ($185.19/SF).; Prime Shrewsbury Street location offers walkability to Union Station and restaurants; zoning allows for approx. 90 residential units.
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14 Putnam Ln
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