Upton, MA Commercial Real Estate for Sale and Lease

Placed in Worcester County, this town was once known for its shoe shops. Later on, it developed a reputation for assembly-line manufacturing and the world's largest hat factory. Now, investors can enjoy having a small community with easy access to neighboring cities. If you are starting a rental business, you will find a number of professionals who are drawn to the town for its lower prices and numerous amenities.

Click Here to View Today's

Commercial Property List

Investors in this town can expect to find larger lots than many areas in New England. While many other towns have small parcels of land, this town has deliberately set zoning laws that ensure privacy and spacious yards. The typical property is placed on at least two acres of land.

For savvy home shoppers, real estate is an excellent value for the money. With larger lots than other towns and fair prices, this community is a good investment site. Investors can expect to get more property for their money than they could in another area. Condominiums in the area can often be purchased in the $200,000 range. Meanwhile, single-family homes are often available for price points between $200,000 and $700,000. On average, the typical home in the area can be purchased for between $300,000 and $350,000. While the average home is favorably priced, there are also luxury properties available as well.

Investors and residents buy in this area because of its safe environment and easy commute. The town is less than 30 minutes away from Worcester by car. While the Route 495 interchange is not directly in the town, it is just a short distance away in Hopkinton. Plus, Worcester is only 14 miles away, and Boston is only 50 to 55 minutes away depending on the time of day. Between its small-town ambiance and commuting options, this town has become a popular spot for investments and new businesses.

Office Space Market

Since this town is still undergoing a growth spurt, offices spaces are at a premium. The limitations on lot sizes and zoning rules mean that there are only a few office spaces available in the area. Luckily, this means that investors can grow their business while the competition tries to navigate the real estate marketplace. There are a few different office spaces that investors can use if they know where to look for them.

One example of office space can be found at 8 North Main Street. While the building was originally constructed in 1890, it has been updated over the years. For a while, one of the units was used by a medical-related company. It can still be used as a medical facility, or it can be converted into a standard office. Currently, there are two different units available. Both of the units are 1,525 square feet in size. They can be leased for an annual rent of $12 per square foot. While the units can be used as they are, they can also be built out.

Many of the units available in the area are placed in and around Main Street. One example can be found at 112 Main Street. These units are a part of a 9,000-square-foot building. Renters can choose from units ranging from 100 to 900 square feet. Each unit has access to wireless internet and a shared bathroom. In addition, the rent includes the cost of heat and power. The largest unit is a two-suite office with a separate entrance and a customer waiting room. All of the units enjoy a location that is in the heart of town. From the property, renters can easily reach the post office and other retail shops.

Retail Space Market

For retail spaces, residents can check out 138 Milford Street. This retail space was previously used as an auto repair shop. Built in 1987, the property is available for an annual rent of $10 per square foot. While the entire property is 8,296 square feet in size, the space for lease is on the first floor. This space encompasses a total of 4,200 square feet. Plus, the property is only 12 minutes away from the Grafton Commuter Rail.

One of the top retail venues in the area is the Upton Plaza. Placed at 101 Milford Street, the property has four different spaces available. This retail complex includes a 25,000-square foot and a 43,900-square-foot unit. There are also two units that encompass 9,00 square feet in size. Once it is completed, the entire property will take up 12.44 acres. It is placed between near the town line with Milford and next to Route 140.

Real Estate News

One of the newest developments in the last few years is the Crosswinds. This housing development includes Kohler fixtures, stainless steel sinks, central air conditioning, recessed lighting and gas fireplaces. These homes are designed with walk-in closets, garages and wood floors. Offered in five different layouts, these homes have already been sold out.

Another new development can be found at the Rockwood Meadows. This 55+ community offers free-standing condominiums with a townhouse-like style. Placed within a subdivision setting, these units include two bedrooms and two-car garages. Spanning a total of 62 units, the condos are outfitted with custom features and hardwood floors. The entire community is equipped with walking trails, a community clubhouse, a scenic pond and a workout room.

While it has not been completed yet, the Upton Plaza will soon be constructed along Milford Street. It is placed near pharmacies, restaurants and local shops. Once it is completed, there are four different units that will be available for retail tenants.

Click Here to View Today's

Commercial Property List