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    199 Massachusetts Ave Lunenburg, MA 01462

    For Sale
    $4,450,000

    17,000 SF Warehouse, $4.45M

    Property size:
    17,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17,000-square-foot industrial property, located at 199 Massachusetts Ave in Lunenburg, Massachusetts, presents a unique investment opportunity. Situated on a substantial 16.93-acre lot, this property boasts 700 feet of frontage on Route 2A, ensuring high visibility and accessibility. Built in 1938, the building features a permitted commercial zoning designation, allowing for a variety of uses. The warehouse/garage configuration includes dual showrooms and seven private offices, providing ample space for diverse operational needs. The property includes 15 loading docks, facilitating efficient logistics, and a ceiling height of 16 feet, accommodating various storage and operational requirements. All utilities, including sewer, are connected. An oil/water separator is installed in the garage. The property currently holds a Class 2 used car license. Note that there is no salvage license associated with the property. This versatile space, formerly a GM dealership, offers significant potential for a wide range of businesses seeking a well-located, spacious industrial facility in a thriving Massachusetts community. The asking price is $4,450,000.

    Property Features for 199 Massachusetts Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    17,000 SF
    Lot Size
    737,471 SF

    Building Details

    Year Built
    1938

    HighLights

    • Former GM Dealership.
    • 700 feet of frontage on Route 2A.
    • All utilities, including sewer, are available.
    • Garage features an oil/water separator.
    • Holds a Class 2 used car license.
    • No salvage license.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chapdelaine Truck Center, ... Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lunenburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7624335
    Latitude
    42.5911824

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    FAQs

    What type of property is this?
    Distribution property - 17,000 SF Warehouse, $4.45M
    Where is this distribution property located?
    The property is located at 199 Massachusetts Ave Lunenburg, MA.
    What is the asking price?
    The asking price for this property is $4,450,000.
    What are key features of this property?
    This property features: Former GM Dealership.; 700 feet of frontage on Route 2A.; All utilities, including sewer, are available.
    Request Owner's contact information
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    Lunenburg, MA 01462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    199 Massachusetts Ave Lunenburg, MA 01462
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