Sold!
$375,000
2.59
Acres
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Property Description
Investment opportunity with 7% cap rate available or use for your own business in the future. Industrial condominium located in the Newburyport Industrial Park consisting of 2000 square foot warehouse supporting many business opportunities. An additional 200 square foot finished office space offering natural sunlight, A/C in office and 2 ADA compliant bathrooms. Suspended FHA heating and ceiling fan. Warehouse area equipped with 10 x 14 garage door, 200-amp three phase electrical panel. Office was framed to allow for future mezzanine can be built if desired. This unit is under lease with reliable tenant through 10/31/2026 rent amount escalates 10/31/2024. NNN lease with tenants paying taxes, water/sewer and HOA. Close proximity to RT 95 and 495, dining, shopping and Newburyport's waterfront.
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Highlights
- Acres: 2
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 3
- Year Built: 2021
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Additional Details
- Roof: Rubber
- Zoning Description: Legal Conforming
- Zoning: F6
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Fees / Taxes
- Buyer Agent Compensation: 2%
- Tax Year: 2023
- Facilitator Compensation: 1%
- Taxes: $3,170
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