Retail Storefront Retail / Office / Warehouse
Retail-Commercial
for Sale
| Catylist Listing ID: |
30814519 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Vehicle Related
|
| Building Size (RSF): |
7,396 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.68 Acres
|
| Sale Price: |
$900,000 |
| Unit Price: |
$121.69 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/22/2023 |
Overview / Comments
Faulkner Commercial Group is pleased to offer for sale this versatile 7,396sf property currently used as an automotive shop, retail, warehouse, and office space. The front space is fit-up for auto service with two lifts, 14' and 16' clear height, and a total of 4 large overhead doors. The space in the rear features office space and a large space suitable for retail or storage. Former use for the rear space was as a shooting range, which resulted in 10” reinforced concrete walls and an 8” reinforced concrete slab ceiling with a rubber membrane roof.
The space is serviced by an 800amp, 220V, 3 Phase electric, with separate meters in the front and rear spaces. Natural gas FHA heat in front & rear, with a Modine heater in a service area. Large pylon sign, 109' frontage on US Route 1, 10,150 AADT traffic count.
LM zoning allows for many uses by right or special permit. All information was obtained by seller and public records, prospective buyer is encouraged to perform due diligence as to specific measurements and suitability for their intended use.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Essex |
| Tax ID/APN: |
22-123 |
| Zoning: |
LM - LAFAYETTE MAIN COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
109 |
| Traffic/Vehicle Count: |
10,150 |
| Highway Access: |
Interstate 95 |
| Airports: |
Boston Logan International Airport |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Year Built: |
1950 |
| Year Renovated: |
2022 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Frame |
| Parking Type: |
Surface |
| Parking Description: |
Ample parking spaces |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central, Ceiling Units |
| Air Conditioning: |
Package Unit |
| Lot Frontage: |
109 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,529 |
34,020 |
57,369 |
| Median Age: |
42.74 |
44.4 |
44.22 |
| Households: |
585 |
14,443 |
24,184 |
|
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