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: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2022

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: Good
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

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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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