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Property profile & analytics
OFF-MARKET Estimated value $545,000
Industrial properties

1 New Bond St Worcester, MA 01606-2614

16.6 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US38-1744903
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 16.6 ac (723,096 SF)
Zoning code MG-1
APN WORC M:37 B:001 L:00001
UPID US38-1744903
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • St Gobain Bonded Plant 7 Dock 114C Mill Building Supply
  • St Gobain Corporation Law Firm
  • ChargePoint Charging Station Electric Vehicle Charging Station
  • St Gobain Storehouse 8 Warehouse & Storage
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k
Owner & transaction history
New Garden Park INC · 2 yrs held
New Garden Park INC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
MG-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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