Groton, MA Commercial Real Estate for Sale and Lease

Established in 2012, this town had a population size of about 10,800 residents as of the 2012 census. It is located in Middlesex County, and is home to several prep schools. The town’s motto of “Faith and Labor” shows its commitment to industry and manufacturing. Once a major production center for fishing and farming, the town has evolved into a center for more modern-day activities like medicine, banking, and life science activities. The town was settled and founded in 1655, unlike many towns in Massachusetts that were incorporated many years after their initial settlement. The town is quaint and picturesque, and it is noted for its residential atmosphere and community spirit.

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Groton Commercial Investment Properties

From designated office spaces set aside for specific uses, such as medical and banking, to general commercial buildings, vacant land, and strategically located facilities for manufacturing and production, this town is ripe with potential for both incoming businesses and investors. The combination of space across all categories of buildings (A, B, and C) ensures that all companies have the choice of a good fit for their specific needs. Vacancy rates have historically been high in the Greater Boston area, but they’re starting to fall as businesses are seizing the opportunity to move into space in the area. For the first time, they are choosing to rent out and lease space in lower-level Class B and Class C buildings instead of Class A buildings, which are the highest quality buildings that are generally equipped with state-of-the-art features like security systems, sprinklers, and modern central air, heating, and electrical systems.

The town’s bucolic setting and agricultural history means that it has retained quite a bit of open land. Some of its large tracts of land have been set aside as conservation land that has become a place for the public to enjoy recreational activities like biking, running, walking, and hiking. This has made the town attract and retain residents looking to live outside of a major metropolitan area like Boston and still enjoy a scenic and natural setting. The availability of land has also been conducive to business, as manufacturing and industrial businesses have been able to utilize large buildings constructed on equally large tracts of land. These industrial and manufacturing establishments were originally built near major transportation corridors, which in this town are Route 119 and Route 225. These buildings are still valued for their prime location today, and although many are no longer used for their original purposes, they are being easily adapted for modern needs. This is particularly significant for investors, as technology and ecommerce businesses continue moving into town.

Groton Office Space Market

With a combination of move-in ready and build-to-suit spaces, the office space market has potential for a wide variety of entities. For the first time, Class A buildings have been less favored by incoming owners and renters than Class B and Class C buildings. Tenants are also adapting buildings to their specific uses by turning lower-level Class B and Class C establishments into custom areas equipped to meet their needs. Companies looking for opportunities in this town will find potential in existing spaces designated for specific uses, such as medical and banking, which have historically been two of the most prominent occupational groups in this area of Massachusetts. Move-in ready office suits are on the market, as are offices with potential for general use.

Those looking for a place to give a custom finish to may be interested in a listing like the one for a single office space on 195 Main St. The office space is housed in a picturesque freestanding building that is suitable for both office and retail use. It offers about 0.02 acres of space, and the building covers a total size of 4,710 SF. Tenants are encouraged to use the building for their specific needs. The building is offered for a price of $0.70 per SF per month, which is on par with similar listings in the area. While tenants will have to add their own finishing touches, they have the benefit of an excellent location on a heavily trafficked Main Street. In addition to its premier visibility, the building is also noted for its convenient reach for both pedestrians and car traffic. The building features multiple office spaces and an in-suite bathroom. It also has street parking available for occupants, which is a benefit for visiting clients.

Groton Retail Space Market

With a mix of general space and specific-use spaces, the retail sector is equally diverse and accommodating. Opportunities for retail tenants are found in the downtown area, as well as in supermarkets, shopping centers and shopping plazas. Retailers of all sizes can find space available in freestanding buildings as well in buildings that are already occupied by other corporate and retail tenants.

An example of a space retailers might find is a general retail opportunity at a freestanding building on Boston Road. There are two spaces available for lease, but the lease price is not disclosed. The space tenants can occupy ranges from 0.06 to 0.11 acres. The building was recently constructed, and it is set back on a deep lot that has plenty of private parking spaces. The building dates back to 2006, and it offers a gross leasable area of about 7,470 SF. The location is considered to be car and transportation dependent, and it’s not conducive to pedestrians.

Another example of retail space available for occupancy is a designated supermarket space open, in another building located on the busy Boston Rd. The space is available for lease, and the rent is not disclosed. Tenants moving into this building would find excellent visibility and convenient access for customers coming in to shop from Boston Rd. There is plenty of parking available in the building’s spacious lot. A newer construction means minimal maintenance for tenants, and the facility covers an expansive area of 68,200 SF. Public transportation, which comes in the form of several lines of the local commuter rail, is not far away. The location is considered to be car dependent, and it is located near a major intersection. In addition to Boston Road, the building is easy within easy reach of the other major transportation corridor in the town, which is Route 119. It is also conveniently located to Sandy Pond Rd.

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