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    Brand New Contractor Bay Flex Units Title is generated by Realmo AI

    6-1431 Hilldale Ave, Haverhill, MA 01832

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    Claim this Listing
    For Sale
    $599,900

    New industrial condo bays offer 23-foot ceilings, overhead doors, and mezzanine space for contractor and light industrial operations.

    Property size:
    2,442 SF
    Price / SF:
    $245/SF
    Added:
    Apr 29, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 13 at 3:12 am

    Property Features for 6-1431 Hilldale Ave

    General Information

    Standard status
    Active
    Size
    2,442 SF

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    Listing Contact
    Chapman Real Estate Group

    Listing agent Chapman Real Estate Group

    Listing office Four Points Real Estate, LLC

    Listing date Apr 29, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Four Points Real Estate, LLC

    HighLights

    • Steel industrial/commercial building with 8 condo units, each offering 2,442 SF
    • Unit features include 23 ft ceilings and 14 ft overhead doors
    • Each unit includes a 600 SF mezzanine and a first‑floor half bath with slop sink
    • Gas Modine system for heat; fully sprinkled building with fire alarms
    • Each unit comes with 5 deeded outdoor parking spaces, plus ability to park vehicles inside

    Overview

    The property is a brand new steel industrial/commercial contractor bay offering a total of eight condo units. Each unit provides 23-foot ceilings and a 14-foot overhead door, along with a large 600-square-foot mezzanine. Units include a first-floor half bath with a slop sink, and the building is served by a gas Modine heating system. The facility is fully sprinklered and has fire alarm systems in place.

    Each condo unit includes five deeded outdoor parking spaces. The description also notes the ability to park vehicles inside the bays, which can support work-in-progress storage and day-to-day operations. The property is positioned for convenient access to nearby retail and major routes, with Plaistow shopping approximately one mile away and Route 495 approximately two miles away.

    This setup can fit contractors, service providers, and light industrial users who need overhead-door access, meaningful vertical height, and additional mezzanine area within a dedicated unit. Because the units are offered as condo bays, buyers can reserve a specific space for their operating needs, with the property presented as flexible for build-out and customization.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $70.3k $28.80
    − Vacancy −$4.8k −$1.96
    EGI $65.5k $26.84
    − OpEx −$22.9k −$9.39
    NOI $42.6k $17.45
    2,442 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $608.7K
    $532.6K – $710.1K (±1% cap)
    NOI $42,606 @ 7.0% cap · market cap 7.10%
    Second Best
    Warehouse
    $450.6K
    $394.3K – $525.7K (±1% cap)
    NOI $31,542 @ 7.0% cap · market cap 5.26%
    Theoretical Best
    Office A
    $1.45M
    $1.26M – $1.69M (±1% cap)
    NOI $101,196 @ 7.0% cap · market cap 16.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Whitsons School Nutrition — 191 Merrimack St # 504, Haverhill, MA 01830

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.09065
    Latitude
    42.778788

    FAQs

    What type of property is this?
    Flex space - New industrial condo bays offer 23-foot ceilings, overhead doors, and mezzanine space for contractor and light industrial operations.
    Where is this flex space located?
    The property is located at 6-1431 Hilldale Ave Haverhill, MA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Steel industrial/commercial building with 8 condo units, each offering 2,442 SF; Unit features include 23 ft ceilings and 14 ft overhead doors; Each unit includes a 600 SF mezzanine and a first‑floor half bath with slop sink
    More about this property
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