3 Liberty Street
Industrial
for Sale
Sale Pending/Contingent
Also listed as Multi-Family
| Catylist Listing ID: |
30744963 |
| Property Subtypes: |
Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
35,683 SF
|
| Gross Land Area: |
1.23 Acres
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$37.83 PSF |
| Ceiling: |
12 ft. |
| Docks/Doors: |
1 Dock |
| Office SF: |
5,000 SF |
| Drive In Bays: |
2 Bays |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Building Name: |
3 Liberty Street Merrimac |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/15/2024 |
Overview / Comments
Great potential! This two-story wood mill building was built in 1904 and remained a manufacturing building until recent years. The property has municipal water and sewage. Plenty of parking, with the majority of the lot being level. The facility has open beamed ceilings with many replacement windows. North end of building is a high-ceiling warehouse space with large overhead door. Village Center Zoning - redevelopment potential for many different uses. A Special Permit from the Planning Board be will required - Buyer to do due diligence. The property has 86 feet front on to East Main Street, which is Route 110.
Easy access to I-496 via Broad Street just 2 minutes away.
NOTE: At this time the Town Of Merrimac will not approved any residential development.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$8,674 (Annual) |
| Tax Value Land |
$233,800 |
| Tax Value Improvements |
$353,500 |
| Assessed Value - Total($) |
$587,300 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Essex |
| Tax ID/APN: |
1 3 2 |
| Zoning: |
VC - VILLAGE CENTER |
| Property Located Between: |
Liberty St. & East Main St. |
| Highway Access: |
I-495 @ Broad Street - one half mile away. |
| Site Description: |
Slightly rolling site with significant level area for parking. |
| Area Description: |
Located just off the center of the Town of Merrimac. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
18,000 SF |
| Property Condition: |
Fair |
| Year Built: |
1904 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding, Wood Frame, Other |
| Exterior Description: |
Combination of replacement windows and vinyl siding and wood shingle. |
| Parking Type: |
Surface |
| Parking Description: |
40+ vehicles. |
| Column Spacing: |
25 |
| Overhead Cranes: |
1 |
| Sprinklers: |
Wet |
| Amps: |
600 |
| Volts: |
440 |
| X-Phase: |
3 |
| Heat Type: |
Natural Gas, Suspended Radiant Heaters |
| Heat Source: |
Other |
| Lighting: |
Fluorescent, Other |
| Interior Description: |
Partially renovated into offices. Majority of building is in shell condition, ready for redevelopment. |
| Zoning Description: |
VC - Village Center - See attached. |
| Lot Frontage: |
227 |
| Lot Depth: |
450 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,836 |
16,256 |
85,006 |
| Median Age: |
45.11 |
43.5 |
40.52 |
| Households: |
1,571 |
6,185 |
33,246 |
|
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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.
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