33,000sf Industrial Property For Sale, Gloucester

Industrial for Sale
Catylist Listing ID: 30732788
Property Subtypes: Manufacturing
Building Size (RSF): 32,772 SF
Gross Land Area: 1.87 Acres
Sale Price: $3,100,000
Unit Price: $94.59 PSF
Ceiling: 14 ft. Clear
Docks/Doors: 1 Dock
Office SF: 3,648 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2021

Overview / Comments

Faulkner Commercial Group is pleased to offer the former Omni Wave facility for sale for use as is or redevelopment. This two-story 32,772 square foot property offers 29,124sf manufacturing and warehouse on the first floor and 3,648sf office on the second floor on a 1.87-acre corner lot on Blackburn Drive and Great Republic Drive in the Blackburn Industrial Park.

The main floor has been demised as a large main production area, plating room, brazing room, incoming inspection, QC, shipping/ receiving, test rooms, materials storage, etc. The upper story is office space demised for various functions and sizes.

The building and site will require remediation from environmental contamination as a result of prior use. Prospective buyers should perform due diligence. Business Park Zone allows many uses by right or special permit.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 262/ 23
Zoning: BP
Year Built: 1972
Parking Type: Surface
Column Spacing: 20
Lot Frontage: 242
Lot Depth: 393

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,700 31,585 36,967
Median Age: 42.53 46.76 47.08
Households: 5,254 13,875 16,176
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