70 Riv St Orange, MA 01364
- Showrooms
- 38,365 SF
- 1.75 lot acres
Current Use by Public Records
- Showrooms
Property Details for 70 Riv St
- Year built
- 1883
- Construction
- FRAME
- Lot size
- 1.75 lot acres
- Property size
- 38,365 SF
- Zone code
- A
- Property type
- Showrooms
- APN
- ORAN M:0110 B:0000 L:00224
- APU
- ORANM0110B0000L00224
Description
This exceptional 38,000+ square foot industrial property presents a rare investment opportunity in Orange, Massachusetts. Situated on a 1.75-acre lot, this strategically located asset boasts stunning views of the Millers River. The property is ideally suited for a variety of uses, with approvals already secured for cannabis cultivation and manufacturing. This opens the door to significant potential for immediate revenue generation in a burgeoning industry. Beyond cannabis, the property's expansive size and robust infrastructure make it equally well-suited for traditional manufacturing, large-scale storage, or even data center operations. The possibilities extend further, with potential for residential conversion subject to planning board approval. The property is equipped with a recently installed roof, ensuring long-term structural integrity. Power is abundant, with a substantial 3,000 AMP service, offering significant capacity for expansion. Efficient loading and unloading are facilitated by three overhead doors and two loading docks. This prime location in North Central Massachusetts provides excellent access to transportation networks and a skilled workforce, further enhancing its appeal to a wide range of potential buyers. Don't miss this chance to acquire a versatile and high-potential industrial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $475,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $445,000
- Mixed-Use
- $450,000
- Hospitality
- $545,000
- Educational
- $440,000
- Residential Income
- $455,000
- Energy
- $500,000
- Income-Based Land
- $525,000
- Food Service
- $475,000
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Franklin
- State
- Massachusetts
- Longitude
- -72.313
- Latitude
- 42.5894
- CBSA code
- 44140
- CBSA name
- SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA