3 Liberty St

35,680 SF Industrial Building Merrimac, MA 01860 $1,350,000 ($38/SF)

INVESTMENT HIGHLIGHTS

  • Village Center Zoning - Redevelopment potential
  • Access to Liberty Street and Rte 110/E. Main Street
  • Great layout for Storage/Contractor Bays

EXECUTIVE SUMMARY

This two-story wood mill building was built in 1904 and remained a manufacturing building until recent years. The property has municipal water and sewage and is not in a designated Flood Zone. Plenty of paved-lot parking, and with the majority of the lot being level there is great potential for additional use of remainder of land. Open beamed ceilings with many replacement windows. North end of building is a high-ceiling warehouse space with large overhead door. Village Center zoning - redevelopment potential for many uses – commercial-mixed-use-residential . Special permit may be required – Buyer to do due diligence. One half mile from I-495. Access to East Main Street, which is Route 110.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $8,674 $0.24
Operating Expenses - -
Total Expenses $8,674 $0.24

PROPERTY FACTS Under Contract

Price $1,350,000
Price Per SF $38
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Freestanding
  • Industrial Manufacturing
  • FlexLight Distribution
Building Class C
Lot Size 1.23 AC
Rentable Building Area 35,680 SF
No. Stories 2
Year Built 1891
Tenancy Single
Parking Ratio 1.39/1,000 SF
Clear Ceiling Height 11’
No. Drive In / Grade-Level Doors 2

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

ZONING

Zoning Code VC (Village Center)
  • Listing ID: 23659698

  • Date on Market: 7/13/2021

  • Last Updated:

  • Address: 3 Liberty St, Merrimac, MA 01860