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Property profile & analytics
FOR LEASE
Manufacturing properties

14 New Bond St Worcester, MA 01606

260,043 SF 15.23 ac lot Built 1901
Entity Owned 7-yr Hold Free & Clear
Property ID
US38-0843548
Property summary
AI-generated overview

This exceptional industrial property, located at 14 New Bond Street in Worcester, Massachusetts, offers 272,600 square feet of versatile space ideal for manufacturing and warehousing operations. The property consists of four suites, with a minimum divisible space of 28,800 square feet and a maximum contiguous space of 125,000 square feet. Currently, the entire 272,600 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller tenants. The building, constructed in 1901, is classified as Class C and features ceiling heights ranging from 14 to 24 feet, providing ample vertical space for various industrial uses. Situated on a substantial 15.23-acre lot, the property boasts ample parking and outdoor storage areas. Its strategic location offers easy access to major transportation arteries, including Route 12, and is within a half-mile of Route 190 and Route 290, ensuring efficient logistics and distribution. The property is zoned MG-1 within Worcester County, and the zip code is 01606. This property represents a significant opportunity for businesses seeking substantial industrial space in a prime Worcester location. Contact us today to learn more about leasing options and explore the potential of this exceptional property.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1901
Construction STEEL FRAME
Total area 260,043 SF
Lot 15.23 ac (663,418 SF)
Zoning code MG-1
APN WORC M:37 B:002 L:00001
UPID US38-0843548
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
  • Central MA Prep Special Education Facility
  • Central Mass Collaborative Special Education Facility
  • Robert H Goddard Academy High School
  • Academic Center for Transition High School
  • Hartwell Learning Center High School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.20M
Blend (final) Blend
$18.98M
Owner & transaction history
10-14 Liberty New Bnd LLC · 7 yrs held
10-14 Liberty New Bnd LLC
since 2019
7 recorded transactions
2019
Price N/A
2016
Price N/A
2005
Price N/A
2005
$1
2005
Price N/A
2000
Price N/A
1999
Price N/A
Zoning & alternative use
MG-1 · Worcester, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $31.2M +31.1%
Commercial (general) $28.6M +20.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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