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320 River St
Fitchburg, MA 01420

SELF STORAGE - NORTH CENTRAL MA / 20%+ CAP · Specialty Property For Sale · 33,120 SF

PROPERTY FACTS

Property Type Specialty
Building Size 33,120 SF
No. Stories 3
Year Built 1900

ABOUT 320 RIVER ST , FITCHBURG, MA 01420

POTENTIAL 20% CAP RATE !!! 33,000 SF BUILDING WITH APPROXIMATELY 17,000 OF LEASABLE SELF-STORAGE SPACE. SPACE IS APPROXIMATELY 20-30% FULL WITH MAINLY DOCUMENT STORAGE, BUT COULD BE FILLED QUICKLY. BUILDING IS LOCATED AT THE BUSY INTERSECTION OF ROUTES 12, 2A & 31 IN FITCHBURG, MA WITH REASONABLE ACCESS TO ROUTE 2. THE BUILDING CONSISTS OF 3 FLOORS WITH A FREIGHT ELEVATOR. LARGE 14 x 20 GROUND LEVEL DOOR ALLOWS VEHICLES TO DRIVE INSIDE THE BUILDING. BUILDING IS IN VERY GOOD OVERALL CONDITION. INCLUDES ALARM AND SECURITY SYSTEMS. APPROXIMATELY 200 STORAGE UNITS OF VARYING SIZES. PARKING IS LIMITED, BUT ADDITIONAL LAND COULD BE AVAILABLE ADJACENT TO BUILDING. SELLER WILL CONSIDER A SALE OF THE BUILDING FOR CANNABIS USE, BUT DUE TO THE TIME IT WILL TAKE FOR APPROVALS, ETC. THE PRICE IS $100K HIGHER AT $596,380.

ZONING

Zoning Code C&A
  • Listing ID: 15477205

  • Date on Market: 3/18/2019

  • Last Updated:

  • Address: 320 River St, Fitchburg, MA 01420