Building Details

Building Size 8,955 SF

Listing Agency: WILLIAM PITT SOTHEBY'S - LENOX

Listed By: Richard Aldrich · License #009536117 Show Phone

Source: 413realestate

Added: Jul 17 Changed: Oct 11 Last Checked: Oct 19 at 3:54AM

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Investment Insights

Based on property information with market context.

Restored historic mill machine shop building offered as a commercial condominium available for lease. The rentable space totals 8,955 square feet on two levels, including 5,809 square feet on the first floor and 3,146 square feet on the second floor, plus an additional basement area. The space includes a gallery and is described as suitable for uses such as retail, school, medical, corporate headquarters, marketplace, and restaurant.

The property features ample parking. Public remarks also note Mass DOT traffic count of 17,469 AADT (2025) and a planned expansion of more than 200 new rental apartments surrounding the machine shop, with the first families arriving by September 2026.

Tenant responsibilities include the cost of improvements, which can be amortized over the life of the lease and built into the monthly lease payment. Occupancy is stated for 2027.

Key Highlights

• Restored Historic Mill Machine Shop Building commercial condominium available for lease; occupancy in 2027.
• Total rentable space: 8,955 SF on two levels (5,809 SF first floor, 3,146 SF second floor) plus basement.
• Mixed‑use compatible layout listed for gallery, retail, school, medical, corporate HQ, marketplace, and restaurant uses.

Property Analytics

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Current Use

Hartcorn Furniture & Design Production Facility

Suggested Use

Top Pick Dental Office Auto Parts Store Parking Lot & Garage Storage Facility Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

365

Businesses Nearby

Explore this area Business Placement

Demographics for 01238, MA

5,722

Population

3,069

Households

1.9

Avg Household Size

51

Median Age

46%

College-Educated

99%

High-School Grad

27.6 sq mi

ZIP Area

207

Density / Sq Mi

$74,469

Median Household Income

$47,035

Median Earnings

$1,255

Median Rent

$332,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Leasable commercial condominium offers two-level retail space with gallery and basement, plus ample parking.

Where is this retail space located?

The property is located at 73 W Center St Lee, MA.

What is the lease rate?

The lease rate is $32 SF/Yr.

What are key features of this property?

This property features: Restored Historic Mill Machine Shop Building commercial condominium available for lease; occupancy in 2027.; Total rentable space: 8,955 SF on two levels (5,809 SF first floor, 3,146 SF second floor) plus basement.; Mixed‑use compatible layout listed for gallery, retail, school, medical, corporate HQ, marketplace, and restaurant uses.