16 Carleton Dr Georgetown, MA 01833
- Manufacturing properties
- 83,743 SF
- 6.00 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 16 Carleton Dr
- Year built
- 1973
- Construction
- STEEL FRAME
- Lot size
- 6.00 lot acres
- Property size
- 83,743 SF
- Property type
- Manufacturing properties
- APN
- GEOR M:00015 B:00000 L:00068
- APU
- GEORM00015B00000L00068
Description
This exceptional Essex County warehouse, totaling 83,000 square feet, offers a unique opportunity for multiple tenants. The property boasts a flexible layout, with spaces divisible down to 2,500 square feet and up to a maximum contiguous space of 48,891 square feet. Currently, 62,841 square feet is available for lease. The building, renovated in 2019, features impressive ceiling heights ranging from 13 to 29 feet, providing ample vertical space for storage and operations. Five drive-in doors ensure efficient loading and unloading. Power is robust, with 1,000 amps/480v available. A significant advantage is the presence of two bridge cranes, one with a 5-ton capacity and the other with a 10-ton capacity, ideal for heavy lifting needs. A column-free section is available, maximizing usable space. The property is zoned for industrial use and sits on a substantial 14.6-acre lot, providing extensive outdoor storage area. Its convenient location just off Route 95 offers easy access to major transportation arteries. The building is suitable for various industrial uses and is divisible to 15,000 square feet, catering to a range of business needs. This is a rare opportunity to secure prime warehouse space in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,925,000
- 6.5%
- $4,745,000
- 7%
- $4,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,030,000
- Geo Method
- $4,860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,190,000
- Retail
- $4,465,000
- Mixed-Use
- $4,140,000
- Hospitality
- $5,295,000
- Educational
- $4,350,000
- Residential Income
- $4,460,000
- Energy
- $4,875,000
- Income-Based Land
- $5,225,000
- Food Service
- $4,380,000
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9652
- Latitude
- 42.713
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
