Harvard, MA Commercial Real Estate for Sale and Lease
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What to Expect
Located roughly 25 miles west-northwest of Boston, this Worcester County town had a population of around 6,500 at the time of the 2010 U.S. Census. It's small, but there's usually a decent array of commercial properties up for grabs. You'll find the right industrial, office or retail space quickly by using our search feature.
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This town shares its name with one of the most prestigious universities in the world, which is fitting; the area boasts an excellent fleet of public schools, making this a highly desirable place for people with families to live, and correspondingly a great real estate investment opportunity. With a population of 6,520, the 26.4 square miles of land within the town’s borders include scenic rolling woodlands, apple orchards, and babbling brooks. Incorporated in 1732, the town is located only 25 miles northwest of Boston, and is sited in Worcester County, Massachusetts.
The urban fabric of the town is composed of long-standing cultural and commercial institutions, including the public library, which has been serving the community since 1856, and the General Store, which also opened its doors in the 19th century and has been in continuous operation since. Several very attractive parcels of residentially zoned land have recently come on the market, including a 19.50 acre property at 356 Ayer Road. This parcel, which abuts a current residential development, is listed at $1,000,040 and is a magnificent opportunity for investors who want to create a profitable and enduring development.
In terms of transportation, the town has several prominent and highly trafficked routes, including route 110 and route 2, both of which see tens of thousands of travelers on a daily basis. The town takes pride in its historical legacy, which has resulted in the creation of a “Common Historic District” that includes part of Ayer Road. Happily for developers, the densely concentrated central historic district is located close to several parcels of land that are as yet undeveloped. This mixture of an established, tight-knit community located next to large tracts of open land is the perfect recipe for any developer who wants to take advantage of a city that is easily accessible, relatively affordable, and picturesque.
Office Space Market
This bustling community offers investors numerous choices in terms of building types for office space. Many current proprietors have their offices either in or near the historic Shaker Village, but a new push toward development has opened up several additional and appealing options.
The property at 325 Ayer Road, which is flexibility zoned, is an attractive, 77,995 square foot structure with two stories built in 1954. With four loading doors, the space is ideal for businesses looking to combine office space with other functions. Research and Development companies seeking a mixture of top-tier office space with room for other functions will find this property, which has been listed for sale at an undisclosed price, perfect for their needs.
The structure at 198 Ayer Road offers an aesthetically appealing blend of gabled roofs, a Doric-columned collonade, a bright, uplifting color palette and an ample parking lot. With 20,000 square feet, this structure was built in 2010 and is perfect for medical office space, although it can be configured to suit other specific office types as well. It is located near Route 2 and the 110 cloverleaf, providing excellent access to travelers. The estimated rent figure for this space has not been provided.
The property at 233 Ayer Road is also suited to medical office space. This 12,000 square foot facility was built in 1988, and has a Shaker style appearance. In addition to an adjacent parking lot, the property has a lush lawn and vintage stone walls, creating a peaceful, contemplative atmosphere. Each of the six suites within this building have different amenities, including their individual allotment of square feet and number of private bathrooms, placing the average rental rate between $0.99 and $2.76 a square foot per month.
Retail Space Market
Known for its longstanding businesses that stretch back centuries, this town has always thrived by being a close-knit community that supports its own. As population figures increase, and nearby metropolitan areas make the land increasingly valuable due to the area’s relative close proximity, this town is poised to develop its retail sector, with several parcels of undeveloped land waiting for an inventive, imaginative investor. Additionally, the town residents are prosperous, and are capable of sustaining a variety of high-priced retail establishments.
One of the best examples of these is the specially permitted district zoned lot at 320 Ayer Road, which allows for a mixture of office, laboratory, retail, residential, and light industrial uses. The specific allotments prevent the parcel from becoming monopolized by only one typology, which makes this especially alluring; the zoning appears to have been designed to create a thriving, self-sustaining region that will continually generate profits. This 23 acre parcel is for sale for an undisclosed sum, and offers enough room for a potential development of 135,000 square feet of office space and a 110 bedroom residential project. It is also located within a fifty-five minute drive of the Manchester-Boston regional airport, making it ideal for a franchise, or a company that deals in online sales or other remote merchandise.
The town also offers numerous attractive parcels that are currently commercially zoned. The parcel at Route 110 is perhaps the most desirable of all of these; at 11.50 acres, it is sited directly off a major transportation route, offering easy access to travelers and denizens alike. Its size makes it perfect for medium to large-scale developments. The property has a sale price of $1,495,000. Meanwhile, the commercially zoned parcel at 203 Ayer Road, which is located off the heavily traveled Route 2, is 11 acres in size and located within a ten mile radius of over 193,206 households. It recently went on the market for $2,500,000.
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