Free Standing, 5,803 SF Auto Repair Building

Retail-Commercial for Sale
Catylist Listing ID: 30712601
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 5,803 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1,800,000
Unit Price: $310.18 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Free Standing 5,803 SF Auto Repair Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2021

Overview / Comments

MANSARD is pleased to offer the opportunity to purchase 218 Newburyport Street, a modern freestanding building adaptable for a multitude of retail/industrial uses. This 5,800+ SF property provides a professional company image with a highly functional storage/shop area with ample 15' ceilings and 3 drive-ins. The property has a welcoming retail facade that features a modern glass exterior with a reception and waiting area, showroom & private offices. The warehouse is heated and provides an open concept layout of approximately 3,600 SF and 500+/- SF of bonus mezzanine storage space. 218 Newbury features ample outdoor parking with a bonus fenced-in area for secure storage. Positioned in a desirable area on a highly visible lot among strong national tenants such as Mercedes, Land Rover, Meinkeke, Boston Sports Club, & more with exposure to 20,000 vehicles a day.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 035-022
Zoning: BR1
Largest Nearby Street: Newbury St
Feet of Frontage: 200
Highway Access: I-95
Airports: 14 miles from Logan International Airport
Site Description: About 17 miles North of Boston, this is a prime location on Route 1 with enormous daily traffic count.
Area Description: Salem Commuter Rail (Newburyport/Rockport Line)Massachusetts Bay Transportation Authority Commuter Rail 18 min drive, 7.3 mi Beverly Depot Commuter Rail (Newburyport/Rockport Line)Massachusetts Bay Transportation Authority Commuter Rail, 17 min drive, 8.4 mi
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1963
Year Renovated: 2019
Exterior Description: Concrete Block
Total Parking Spaces: 32
Parking Type: Surface
Lot Frontage: 200

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,257 74,115 219,271
Median Age: 53.36 45.19 42.12
Households: 6,182 30,048 86,884

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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