Princeton, MA Commercial Real Estate for Sale and Lease

Located in Worcester County, Massachusetts, this town of 3,413 is located on 35.4 square miles of land, and has a long historical legacy which attracts a steady stream of visitors. Approximately 55 miles from Boston, this town offers developers the chance to create innovative new projects on a largely unfettered campus.

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In addition to its numerous historic districts, the town has several green spaces that can be enjoyed recreationally. This is key for developers who are interested in investing in state of the art hospitality projects that will benefit from visitor spending. The Leominster State Forest is within the city limits, as is the Wachusett Mountain State Reservation, which includes the Wachusett Mountain Ski Area. The Mass Audubon Wachusett Meadow is also easily accessible. Snow Pond is one of the larger bodies of water in the area, and the city skirts the banks of both the Quinapoxet Reservoir and Wachusett Lake.

Those who wish to access the area via car can do so by Route 31, Route 62, and Route 140. There is no MBTA Commuter Rail line in town. Because of the sheer amount of open land, the city is made up of a trove of undeveloped parcels close to major natural scenic attractions. Investors are advised to closely monitor the listings for updates.

Office Space Market

The modest urban density of the region, combined with its proximity to natural scenery, has concentrated most of the available office space into complexes that faintly recall mountain chateaus. This is certainly the case with the property at 206 Worcester Road, which features an enormous onsite parking lot next to an L-shaped complex. This complex has two large anchor spaces on either end, both of which feature a small, charming turret on the roof. The ground floor is sheltered by a building-long collonade, which wraps around and terminates at the the second anchor space. This second anchor space is made of brick in contrast to the tan clapboard of the rest of the complex.

With 25,000 square feet of available space, this structure has units ranging in size from 1,000 square feet to 2,000 square feet available for lease. Built in 1985, the structure has many tenants with ties to the local business community, making it an excellent space in which to launch a business that is new to the area. The estimated rent for this space is $0.70 to $0.75 a square foot per month.

While the structure at 2 Town Hall Drive is not currently available for lease, investors may be interested to know that many of the city’s government offices are housed in a three story building on a landscaped lot. Sidewalks connect the building to the surrounding colonial style homes and offices, which make up the central square in the region. A collonade shelters the front porch from the elements, while rectangular windows provide natural light into the refurbished interiors. Large trees dot the front lawn, creating a sense of stability and serenity. Across the street, a gazebo is sited in a broad lawn, perfect for staging celebrations or other festivals.

Retail Space Market

While there are currently no listings for retail spaces in the area, this does not preclude the likelihood that listings will eventually open up in the highly coveted downtown area. The property at 23 Hubbardston Road, while not currently available for lease, features a lovely single story retail complex that is located off a sidewalk in the middle of breathtaking natural scenery. This concrete masonry building features an outdoor space for eating lunch or having coffee. An onsite parking lot, ringed by trees, provides easy access from the road. With multiple units on either end of the complex, a business with green canopies over its front display windows has a second onsite parking lot.

In a similair vein, the property at 29 Mountain Road, while also not currently available for lease, is sited in a lovely neighborhood with a sidewalk and nearby residences. With a large two story mixed-use unit on a lushly landscaped lot, the business has a small onsite parking lot in a very serene atmosphere.

Investors are encouraged to regularly monitor commercial listings for new openings and availability.

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Commercial Property List