Catylist ID:
#30870465
| Catylist Listing ID: | 30870465 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Parking Facility, Vehicle Related |
| Building Size (RSF): | 10,500 SF |
| Gross Land Area: | 26,658 SF |
| Sale Price: | $1,595,000 |
| Unit Price: | $151.90 PSF |
| Ceiling: | 16 ft. |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | Methuen Garage |
| Usable Size (USF): | 10,500 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/9/2024 |
Overview / Comments
|
Excellent facility for an established firm needing a larger repair garage, it will fit 6 lifts or more, (no lifts included). Also included is an office and parts storage areas. There are 5 garage overhead doors 12 and 14 widths and heights. Ceiling heights are approximately 16'. There are also a 2 car facility on the property as well. There is crane in Bay 1 with 5,000 lbs. capacity. This is a non-conforming property, the current use is grandfathered. Potential for warehouse or or other use with special permit. The Office , parts room and apartment are power by Solar panel and geo-thermal energy. There is a very nice1,500 SF apartment on the second floor. |
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $13,539 (Annual) |
| Assessed Value - Total($) | $644,700 (Annual) |
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Essex |
| Submarket/Township: | Merrimack Valley |
| Taxing Authority: | City of Methuen |
| Tax ID/APN: | 1014-108-26C |
| Zoning: | RESIDENTIAL |
| Retail Clientele: | General, Business |
| Property Located Between: | Cambridge and East |
| Property Visibility: | Fair |
| Largest Nearby Street: | Route 110 |
| Feet of Frontage: | 160 |
| Highway Access: | I-495 is only minutes away via Route 110 |
| Airports: | Manchester is less that 40 Minutes, Logan 60 minutes |
| Site Description: | Excellent flat site primarily paved. |
| Area Description: | Located just off Route 110 within 2 minutes of I-495, how ever it on a side street and lacks visibility. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 9,000 SF |
| Property Condition: | Good |
| Year Built: | 1960 |
| Year Renovated: | 2000 |
| Roof Type: | Gable |
| Construction/Siding: | Block |
| Exterior Description: | Attractive block exterior with 5 overhead drive-in doors. |
| Total Parking Spaces: | 15 |
| Parking Type: | Surface |
| Parking Description: | Paved parking |
| Sprinklers: | None |
| Heat Type: | Natural Gas, Other |
| Heat Source: | Central, Other |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable |
| Interior Description: | The interior is composed of 1624 SF of Office and parts room, 4,620 SF of garage space, (demised approximately in half, with 920 of Mezzanine parts storage area and a 1320 carport. |
| Zoning Description: | The facility is a non-conforming use, a use other than automotive may require a special permit. |
| Lot Frontage: | 160 |
| Lot Depth: | 160 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress |
| Easements Description: | Left side driveway to year parking area. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 23,543 | 132,767 | 235,859 |
| Median Age: | 37 | 34.4 | 36.76 |
| Households: | 8,495 | 47,011 | 86,365 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
