1397sf Industrial Flex, Class B, Newburyport

Industrial for Sale
Catylist Listing ID: 30831835
Property Subtypes: Flex Space, Industrial-Business Park, Mixed Use
Building Size (RSF): 1,397 SF
Gross Building Area: See Agent
Sale Price: $385,000
Unit Price: $275.59 PSF
Ceiling: 10 ft. Clear
Docks/Doors: 1 Dock
Drive In Bays: 1 Bay
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 3/27/2023

Overview / Comments

Faulkner Commercial Group is pleased to offer for sale this versatile, nicely fit-up Class B 1,397sf industrial flex condominium consisting of approximately 50% office space and 50% warehouse/ shop floor. The office space and warehouse were demised in 2020. There is the capacity to expand by constructing a second floor to add additional space. 100% wet sprinklers.

The production/ warehouse space features 100 amp power, grade-level overhead loading door, 16-18' ceiling height. The office space features an open floorplan, a kitchen/ break room & restroom.

This type & size property is in high demand in today's market. Located in Newburyport's thriving industrial park less than 3 miles to I-95; 5 miles to I-495, yet minutes to all that downtown & waterfront Newburyport have to offer: restaurants, retail, professional services, and much more. All information was obtained from seller & public records, prospective buyers are encouraged to perform due diligence as to details and suitability for their intended use. Condo Fee is $518/ quarter.


Finance Data Year 2023
Real Estate Taxes - Annual($) $2,270 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 82/2/22
Zoning: I
Highway Access: US Route 1, I-95
Airports: Boston Logan Airport
Site Description: Located on Henry Graf Jr Rd, in the Lord Timothy Green Industrial Park
Area Description: Located on Henry Graf Jr Rd, in the Lord Timothy Green Industrial Park
Property Condition: Average
Year Built: 2002
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 2
Column Spacing: varies
Sprinklers: Wet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,581 28,513 53,791
Median Age: 46.62 45.68 44.59
Households: 2,770 11,959 22,191
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