3 Liberty Street

Industrial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30744963
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 35,683 SF
Gross Land Area: 1.23 Acres
Sale Price: $1,599,900
Unit Price: $44.84 PSF
Ceiling: 25 ft. Clear
Docks/Doors: 1 Dock
Drive In Bays: 2 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

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 and is not in a designated Flood Zone. Plenty of paved-lot parking, and with the majority of the lot being level there is great potential for additional use of remainder of land. 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 uses – commercial-mixed-use-residential . Special permit may be required – Buyer to do due diligence. One half mile from I-495. Access to East Main Street, which is Route 110.

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.
Total Number of Buildings: 1
Number of Stories: 2
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: Flt, paved 40+ vehicles.
Column Spacing: 25
Overhead Cranes: 1
Sprinklers: Wet
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.
Water Service: Municipal
Sewer Type: Municipal

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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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