70 Cambridge St Methuen, MA 01844-5514
- Investment properties
- 7,926 SF
- 0.61 lot acres
Current Use by Public Records
- Investment properties
Property Details for 70 Cambridge St
- Year built
- 1954
- Construction
- STEEL FRAME
- Lot size
- 0.61 lot acres
- Property size
- 7,926 SF
- Zone code
- RC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- METH M:01014 B:00108 L:00026C
- APU
- METHM01014B00108L00026C
Description
This Methuen, MA property offers a 9,020 square foot warehouse space, perfect for a business seeking larger facilities. Located on Route 110/113, this single-story, 10,500 total square foot building sits on a 0.61-acre lot (26,571 square feet) and boasts a 16-foot ceiling height. Built in 1960 and renovated in 2000, the property features seven drive-in doors with varying widths (7' and 14') and heights (12' and 14'). The space includes 1,624 square feet of office and parts room, 4,620 square feet of work area, and a 928 square foot mezzanine. Additional features include a 1,320 square foot carport and a 616 square foot garage. The property has 15 total parking spaces and is served by 400 Amp, 220 Volt, 3-phase power. The building is currently zoned residential, but alternative uses, such as warehousing, may be permitted with a special permit. The property is classified as Class D and has a 160-foot frontage. While the current tenant occupies the entire building, the entire 9,020 square feet is available. This is a non-conforming use, grandfathered in.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $730,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $710,000
- Mixed-Use
- $740,000
- Hospitality
- $670,000
- Educational
- $720,000
- Residential Income
- $905,000
- Energy
- $830,000
- Income-Based Land
- $835,000
- Food Service
- $750,000
Location Insight
- Map
- Local Demand
- City
- Methuen
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1427
- Latitude
- 42.73
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA