Milbury, MA Commercial Real Estate for Sale and Lease

Located in Worcester County, this town has 15.7 square miles of land occupied by 13,261 people, and is 45 miles from Boston and the neighbor of bustling metropolis Worcester. Investors will find much to like in this area, including ample lots that are ready for innovative developments. Originally a mill town, the area is primed for transformative growth.

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Commercial Property List

Green spaces include the Colton Road Conservation Area, Dorothy Pond, the Clearview Country Club, the banks of the Singletary Pond, the banks of Ramshorn Pond, Soles Swamp, and the beginnings of Pondville Pond. The area is accessible by car via Route 146, Route 122A/146, Route 20, and Interstate 90. Although there are no MBTA Commuter Rail line stops in town, there are a variety of public transit available in Worcester.

Commercial lots have been making their way to market more frequently as investors take note of the high desirability of this area. The 10 acre parcel at 18 McCracken Road is located near Interstate 90 and Route 122A/146, and 6 miles from the nearest MBTA Commuter Rail line. It is open to a variety of different development possibilities, including retail, office, and other commercial ventures. The sale list price for this lot is $1,000,000.

The lot at North Main Street is located off Route 122A/146, and has 15.56 acres open for innovative commercial development. Envisioned as an extension of the retail available at the neighboring The Shoppes at Blackstone Valley, or as a hotel or other commercial development, this parcel has a sale list price of $1,300,000.

The land at 120-128 Worcester Providence Turnpike has 24 acres sited in an very accessible area of this town. Directly accessible from Route 122A/146, this enormous parcel has been proposed for use as a potential single family development, although the zoning is commercial. The sale list price for this property is $1,200,000.

Office Space Market

Investors who relish transforming older industrial spaces into dynamic new office spaces will find the opportunities in this town to be alluring. The property at 5-9 Latti Farm Drive is a 178,000 square foot industrial warehouse that has been tagged for redevelopment. Built in 1988, the well-maintained facility has 24 to 28 foot high ceilings, 16 loading doors, four grade-level/drive-in doors, and a total lot size of 37.86 acres. The stark beauty of this industrial warehouse, combined with its enormous onsite parking lot and surrounding acres of woodlands, could make it into a beautiful campus for a technology company or other visionary corporate headquarters. Located within easy distance of both Interstate 90, Route 122A/146, and Route 20, this property is perfect for profitable transformation. The sale list price for this lot is $7,200,000.

Originally created to satisfy the industrial market, the 105,400 square foot property at 12 Latti Farm Road offers investors another excellent opportunity to create highly accessible office space in a beautiful, dramatic setting. Currently, the building has 27,900 square feet of office space and 77,500 square feet of warehouse space with 20 foot ceilings. There are four tailboard loading docks and one drive-in dock, as well as a new cafeteria and a sophisticated clean room. Built in 1989, the building is currently leasing the entirety of the warehouse space on the ground floor and subdividing the office space into two units. The estimated rent for this structure has not been made available.

There is a warehouse/office space currently in development at 50 Howe Avenue. This structure would contain 55,000 square feet of warehouse area when completed in an area that is located close to downtown near Route 122A/146. Onsite parking would be provided in a gorgeously forested area. The estimated rent for this space has not been made available.

The property at 45 River Street is located close to downtown off Route 122/146, and features 5,000 total square feet of leasable area, a portion of which is designated for office space. Located 4.6 miles from the nearest MBTA Commuter Rail station, the estimated rent for this property is $0.80 a square foot per month.

Retail Space Market

Because of the number of recent retail developments in the area, retail space in this region is either available in brand-new state of the art facilities, or is located in multi-story buildings close to downtown. Located in the heart of downtown, this 12,000 square foot, two story building at 110 Elm Street features a beautiful brick exterior with large storefront display windows on the ground floor. The second floor has office suites available ranging in size from 1,000 square feet to 6,000 square feet. Onsite parking is provided. The estimated rent for this building is $1.08 per square foot per month.

The property at 2 Howe Avenue is located near downtown off Route 122A/146, and has 3,200 square feet of total leasable space. The property contains two structures. The first was originally an auto service facility. This single story structure could be retrofitted into a different configuration depending on tenant needs. Those who wish to use it as an auto repair shop will find three lifts within the structure. The second structure is a single family home with two stories, bay windows, and two seperate entrances. The house will require remodeling. The sale list price for this property is $650,000.

There will soon be retail spaces available at 19 Canal Street, which is a proposed development located off Route 122A/146 near downtown. The freestanding structure would contain 14,000 square feet of leasable area in a single story structure. The estimated rent for this property has not been publicly disclosed.

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Commercial Property List