Automotive Repair Garage

Retail-Commercial for Sale
Catylist Listing ID: 30870465
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Vehicle Related
Building Size (RSF): 10,500 SF
Gross Land Area: 26,658 SF
Sale Price: $1,595,000
Unit Price: $151.90 PSF
Ceiling: 16 ft.
Property Use Type: Vacant/Owner-User
Building Name: Methuen Garage
Usable Size (USF): 10,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/9/2024

Overview / Comments

Excellent facility for an established firm needing a larger repair garage, it
will fit 6 lifts or more, (no lifts included). Also included is an office and parts storage areas. There are 5 garage overhead doors 12 and 14 widths and heights. Ceiling heights are approximately 16'. There are also a 2 car facility on the property as well.
There is crane in Bay 1 with 5,000 lbs. capacity.
This is a non-conforming property, the current use is grandfathered.
Potential for warehouse or or other use with special permit.
The Office , parts room and apartment are power by Solar panel and geo-thermal energy.
There is a very nice1,500 SF apartment on the second floor.


Finance Data Year 2024
Real Estate Taxes - Annual($) $13,539 (Annual)
Assessed Value - Total($) $644,700 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Submarket/Township: Merrimack Valley
Taxing Authority: City of Methuen
Tax ID/APN: 1014-108-26C
Retail Clientele: General, Business
Property Located Between: Cambridge and East
Property Visibility: Fair
Largest Nearby Street: Route 110
Feet of Frontage: 160
Highway Access: I-495 is only minutes away via Route 110
Airports: Manchester is less that 40 Minutes, Logan 60 minutes
Site Description: Excellent flat site primarily paved.
Area Description: Located just off Route 110 within 2 minutes of I-495, how ever it on a side street and lacks visibility.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 9,000 SF
Property Condition: Good
Year Built: 1960
Year Renovated: 2000
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Attractive block exterior with 5 overhead drive-in doors.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Paved parking
Sprinklers: None
Heat Type: Natural Gas, Other
Heat Source: Central, Other
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The interior is composed of 1624 SF of Office and parts room, 4,620 SF of garage space, (demised approximately in half, with 920 of Mezzanine parts storage area and a 1320 carport.
Zoning Description: The facility is a non-conforming use, a use other than automotive may require a special permit.
Lot Frontage: 160
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Left side driveway to year parking area.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,543 132,767 235,859
Median Age: 37 34.4 36.76
Households: 8,495 47,011 86,365


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