Holden, MA Commercial Real Estate for Sale and Lease

What sorts of investment opportunities does this town possess? With a population of 17,346, the 35 square miles of land in this Worcester County town offer a mix of office, retail, and industrial real estate opportunities. Incorporated in 1741, the town is located about 56 miles outside of Boston, and has a hilly topography. The scenic Quinapoxet River serves the town as both a beautiful boundary and a center of industry; the Quinapoxet Dam creates a billion gallon reservoir of drinking water for the Massachusetts Water Resources Authority, which distributes water to the Greater Boston Area. Part of the land surrounding the reservoir is owned by the city and classified as the Trout Brook Conservation Area.

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In addition to its ample green spaces, the town’s historical lineage makes it a draw for visitors, creating opportunities for developments that cater to recreational activities and hospitality. The town also has a strong community, with numerous public and private schools helping to educate its young students.

In terms of transportation, the area can be accessed by Route 190, Route 31, Route 122A, and Route 68. The nearest commuter rail station is the Framingham/Worcester line. Numerous ponds, such as the Chaffin Pond and Bryant Pond, are located near downtown, providing gorgeous views for travelers and residents alike. Correspondingly, many of the commercial opportunities within this town are centered on properties close to the water. The 36 unit multi-family apartment complex on 216 Reservoir Street, which was built in 2007, is an example. The 70,000 square foot structure includes an onsite fitness center with a sauna, as well as a pool for residents. The low-rise complex provides immediate access to nature, along with ample parking for residents. This property was listed for sale at $699,000.

A specialty property which comes with a pre-established health recovery business at 38 Highland Street features a charming white clapboard house with windows with storm shutters and an inviting front porch. The 2,237 square foot property, which was originally built in 1832 and has been tastefully refurbished, had a sale list price of $520,000.

Office Space Market

Whether an investor seeks medically outfitted unit or a more general open plan configuration, this town offers a variety of office spaces. The property at 64 Boyden Road has been designed for medical office space use. The three story structure, which was built in 2013 and features a steel frame with a brick and tan exterior, is sited among lush trees and a freshly paved access road with wooden railings. The 33,000 square foot complex has a number of spaces available, including a 12,000 square foot shell space that can be customized to fit a particular tenant’s needs. The estimated rent for this property is $1.58 per square foot per month.

Located right at the center of the town on 800 Main Street, the gorgeous multi-story, 22,893 square foot structure is zoned for office space. Built in 1985, it offers tenants the feel of being inside of a roomy house or private academy while having access to the larger world of commerce via Route 122A. The pink exterior, with its gables, bay windows, and glass-walled triangular sloping wing, is instantly visually recognizable, and includes a parking lot. Each unit within the structure is unique in terms of size; leasable space ranges from 483 square feet to 1,512 square feet. The estimated rent for this property is $1.04 per square foot per month.

The commercially zoned structure at 788 Main Street has numerous longstanding and prosperous office tenants in a central, easily accessible locale. The elegant gray wood-shingle exterior gives way to a private parking lot and a charming wooden front porch. Built in 1880, the refurbished property blends the magnificence of history with the convenience of contemporary technology. The sale price for the 3,832 square foot property has not been publicly released.

Retail Space Market

In keeping with the tightly knit, small community feel of the town, many of the retail spaces in the area have a great deal of architectural charm within relatively close distance of one another.

The property at 697 Main Street offers investors a stately blue and white wood-shingled multi-story option with a modern tiled lobby and a private parking lot with 44 spaces. Built in 1970, the 7,500 square foot structure has 2,500 square feet of retail space divided into four units, and 5,000 square feet of space dedicated to an office configuration. The office units vary in size to accommodate the needs of different tenants; one unit is 450 square feet, while another is 1,000 square feet in size. Depending on the specific unit, the estimated rent for this property ranges from $0.98 to $1.00 per square foot per month.

Those investors seeking storefront retail will be pleased by the structure at 27 Shrewsbury Street, which offers multiple unique units in a 24,216 square foot building. Built in 1958, the property was renovated in 2015 and has both empty units ideal for the display of merchandise and customized medical office spaces for professionals. The available spaces range from 2,500 square feet to 3,000 square feet. The estimated rent for this property has not been disclosed.

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