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    FOR SALE
    Automotive properties

    199 Massachusetts Ave, Lunenburg, MA 01462

    17,220 SF 16.93 ac lot Built 1946
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US38-1839399
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1946
    Total area 17,220 SF
    Lot 16.93 ac (737,520 SF)
    Zoning code C
    APN LUNE M:074.0 B:0051 L:0000.0
    UPID US38-1839399
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chapdelaine Truck Center, Inc. Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.07M
    Owner & transaction history
    CHAPTRUCK T
    CHAPTRUCK T
    Zoning & alternative use
    C · Lunenburg, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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