Westborough, MA Commercial Real Estate for Sale and Lease

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What to Expect

This bustling Worcester County town has a population of around 18,300 and is located roughly 34 miles southwest of Boston. Commercial properties here vary widely in terms of location, price, zoning and other characteristics, so the easiest way to find what you need is by using Boston City Properties' convenient search feature.

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Commercial Investment Properties

Placed within Worcester County, this town has been a popular investment site for decades. For tourism-related industries, investors can check out listings on the National Register of Historic Places. Some of these locations include the West Main Street Historic District and the Vintonville Historic District.

Another reason that homeowners and investors choose this area is because of the many green spaces and natural areas. This area is the home of Lake Chauncy, the Westboro Reservoir, the Cedar Swamp Pond, the George H. Nichols Reservoir and the Hocomonco Pond. Tourism-related industries can enjoy the new visitors that come to the area for boating, fishing and swimming at these locations. In particular, Lake Chauncy is a popular place for relaxing on the public beach and swimming in the clear waters.

While it may have a relaxed environment, this town is a common choice for commuters. Because it is only 28 miles away from Boston, a number of residents invest in the area to enjoy the location. Plus, this region is just 12 miles away from Worcester. The Massachusetts Turnpike and Interstate 495 are just located on the east of the town. In addition, Route 135 and Route 30 run through the town. For commercial shops and retail stores, residents can check out the area around Route 9 that cuts through the town. In addition to major roadways, commuters can enjoy having a public bus service and an MBTA commuter rail station in the town.

Today, investors will find a dynamic blend of wooded trails, residential homes and industry in the town. Many businesses choose to make their headquarters here because it is the intersection of Route 495, the Massachusetts Turnpike and Route 9. The modern industry tends to focus around telecommunications and computer equipment. This town is known as a major regional center for office development because 35 percent of employees in the town work in the service sector.

Investors in residential real estate will find a diverse housing stock. The homes for sale include historic Colonials, single-family properties and condominiums. Meanwhile, retail investors can set up shop within the quaint downtown. Because all of the office parks are generally focused around Route 9 and Interstate 495, the rest of the town has avoided the commercial sprawl that seems so abundant in other cities.

This town was actually named one of the best places to live by Money Magazine twice. Buyers choose the town because of its excellent transportation options, sports activities, top schools, shopping venues and community activities.

For real estate investments, residents will find split-level homes in the Byard Lane neighborhood for around $400,000. Meanwhile, investors will find small lots and historic homes in the Charles Street neighborhood. This neighborhood is a popular investment site because it is just a short walk to local churches, the downtown shops and the high school. In this area, prices are generally in the $200,000 to $400,000 range.

For contemporary homes and Colonials, investors can check out Wayside Estates. These homes typically sell for around $600,000. Meanwhile, the townhomes and upscale properties of Powder Hill Way tend to sell for around $400,000. Colonial style homes for $600,000 or more can be found in the Uhlman Farms neighborhood. For tree-lined streets, Cape-style homes and Colonials, residents can check out the West End. This neighborhood is also easily reached by the commuter rail train and the high school. Investors can also check out neighborhoods like Quick Farm Homes, Waschusett View Farms, Woodland Preserve and Orchard Hill Estates. Most of the homes in these neighborhoods are on lots ranging from 0.25 to 1 acre in size. These homes are typically single-family residences, but there are a few townhome complexes. Investors will find multi-family properties near the downtown area. Currently, there are only two major apartment complexes in the town, which makes a potential investment opportunity for a savvy entrepreneur.

Office Space Market

For office spaces, investors just have to head to the area around Interstate 495 and Route 9. This area is the site of large office parks and commercial sprawl. Because of this, the rest of the town is able to enjoy a more charming, residential ambiance.

One exceptional office space in the area can be found at 176 East Main Street. Within this luxury building, investors can find lofts, offices and creative spaces available for rent. The entire building encompasses 40,000 square feet. The available unit is 1,750 square feet in size. Each unit has an annual rent of $11.75 per square foot.

At 134 Flanders Road, investors will find a 57,000-square-foot office building. Because of its desirability, the building has just one unit currently on the market. Spanning a total of 1,692 square feet, this unit is available for an annual rent of $17.50 per square foot.

Meanwhile, 182 Turnpike Road offers a lovely, Class B building. This office space was just built in 1985. Boating of meticulously manicured grounds, the building includes a dramatic lobby and 200 parking spaces. Placed in a high traffic area, the property has excellent visibility and plenty of natural light.

Retail Space Market

For retail spaces, residents have a number of different options. There are several strip malls in the neighborhood that are great for setting up a restaurant or retail store. In addition, the town has three grocery stores, a Target and Home Depot. Throughout the different neighborhoods and the downtown area, investors will find family-owned shops.

At 276 to 278 Turnpike Rd, investors will find a modern retail and office building. Constructed in just 1990, this building includes retail and office spaces. Placed off of Route 9, it is a part of Turnpike Road's excellent shopping district. Residents can enjoy having plenty of parking for their customers and open-glass fronts for their shops.

Another retail space option can be found at 1 Oak Street. Known as 9 West Plaza, this retail complex includes tenants like Become Fitness, Sleepy's, FedEx, Chipotle and Hair Cuttery. It is located in the town's primary retail corridor, so tenants can enjoy having plenty of vehicle traffic.

For an alternative option, check out 290 Turnpike Road. This property is named the RK Speedway Plaza and includes tenants like Burlington Coat Factory. Other tenants at the site include Chick-Fil-A, Stop and Shop, European Wax Center and Sky Zone Sports. Like other shopping centers placed along this retail corridor, it enjoys an excellent traffic count. The current availability is for a first-floor unit spanning 15,00 to 65,000 square feet.

Real Estate News

One of the latest projects in the area is at the former Westboro State Hospital. The town sold 38 acres to a housing development company. The company is in the process of creating 700 housing units. These units are expressly designed for individuals 55 and older. Pulte Homes eventually won the bid for the property with a price of $7 million.

Originally, the town bought the 95-acre property in 2014 for $2.2 from the state. It was purchased using a zero-interest loan. Two years ago, they sold the land to Pulte Homes. About 45 percent of the proceeds will go to the state, and the rest of the money will go to the town. Only a portion of the land was sold for the housing complex. The proceeds of the sale will help transform the remaining land into soccer fields and a waterfront area.

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Commercial Property List