1 New Bond St Worcester, MA 01606-2614
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.
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St Gobain Bonded Plant 7 Dock 114C Mill Building Supply
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St Gobain Corporation Law Firm
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ChargePoint Charging Station Electric Vehicle Charging Station
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St Gobain Storehouse 8 Warehouse & Storage
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MG-1 · Worcester, MAWorcester. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.