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Browse More Listings in Industrial For Sale, Fitchburg, MA or Massachusetts

Industrial Property - Off Market

Orswell Mill Building

245 River Street, Fitchburg, MA 01420

Price:
N/A
Building Size:
326,020 SF
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Additional Sub-types:
Flex Space
Residential (land)
Commercial/ Other (land)
Property Use Type:
Investment
Cap Rate:
10%
Occupancy:
55%
No. Stories:
4
Tenancy:
Single
Year Built:
1900

Last Verified 6/24/2007 Listing ID 15089853

Highlights

Motivated Seller
Priced at $5.67 Per Square Foot
Income producing asset

Tenant may renew

Description

The Orswell Mill. Brick Mill building located in Fitchburg, MA. The 326,020 square feet building is 50% occupied by an excellent credit tenant. There is one year left on the lease. The building works well as a potential residential conversion, or to keep as its existing use. The tenant may renew. The seller is highly motivated to sell.

The City of Fitchburg is a community of 39,000 people located in north-central Worcester County. Despite being one of the largest cities in the county, Fitchburg retains its small town flavor. Fitchburg is noted for its old mills that line the Nashua River, its hilly topography and regional parks and its tightly knit neighborhood enclaves that, in many cases, still retain their ethnic identity. Among the city's cultural assets are the Fitchburg Art Museum, Fitchburg State College and the world famous annual Longsjo Classic bicycle race. (Matieral from the City of Fitchburg Website)

Map of 245 River Street, Fitchburg, MA 01420 (Worcester County)

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Created 4/13/2007

Additional Information for 245 River Street, Fitchburg, MA 01420

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Industrial Property For Sale - Orswell Mill Building

245 River Street, Fitchburg, MA, 01420