Entity Owned Property summary
This exceptional North Reading, MA industrial property presents a unique redevelopment or continued-use opportunity. Located at 112 Haverhill St, 01864, this 2.2-acre site (GIS map lots 51 and 56) boasts two buildings totaling 10,300 square feet. The existing structures comprise an office space and an auto body shop, featuring five offices, four baths, and a large warehouse area. The property offers ample parking for over 50 vehicles and benefits from a beautiful, level site abutting Ipswich River Park. Currently zoned for automotive use (grandfathered), any change of use will require approval from the zoning board. Prospective buyers/developers are responsible for conducting their own due diligence regarding permitted uses and any special permits required from the ZBA or Planning Board. A Certificate of Occupancy (21E) will be provided before closing. The business currently operating on the site is relocating, ensuring a vacant delivery upon sale. The asking price for this prime location is $1,650,000.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop Vehicle Inspection Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of the zone to promote Residence districts are so designated to provide satisfactory areas for persons to reside, away from the unhealthy aspects of commercial development.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RA · North Reading, MAThe intent of the zone to promote Residence districts are so designated to provide satisfactory areas for persons to reside, away from the unhealthy aspects of commercial development.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of the zone to promote Residence districts are so designated to provide satisfactory areas for persons to reside, away from the unhealthy aspects of commercial development.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RA in North Reading, MA.
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