Warehouse

642 River Street Paper Mill

642 River St, Fitchburg, MA 01420

Listing Price: $2,114,600

Gross SF
211,460
Price/Gross SF
$10.00
Lot Size
13.40 acres
Year Built
1900
Rentable SF
211,460

Investment Overview

642 River Street is a 211,460 SF former paper mill building in Fitchburg, MA. Originally constructed in 1900, the main building has undergone many renovations and additions throughout the years to accommodate Ahlstrom-Munksjos use. The property now includes three adjoining structures sitting on the banks of the Nashua River. Since 2009, the building has been mostly vacant and managed by the company.

The property is just minutes away from the Wachusett Commuter Rail station as well as Downtown Fitchburg and 2.5 miles from Route 2. It is 30 minutes from Worcester and an hour from Downtown Boston.

The most likely buyer for this property is a multifamily developer who will convert portions of the structures into residential use while demolishing other parts of the property that are not suitable for redevelopment. Another buyer could be an owner/user who plans on using the majority of the space for their operation while leasing out the rest.

Due to the propertys location on the banks of the river and distance from Route 2, the highest and best use would not be for distribution purposes but rather residential or cannabis cultivation/processing use.

Investment Highlights

  • 211,460 SF Building Sitting on 13.4 Acres of Land
  • 2.5 Miles From Wachusett Commuter Rail Station and 2 Miles to Downtown Fitchburg
  • Ample Parking and Room To Build
  • Sits on the Banks of the Nashua River

Exclusively Listed By

Warehouse

642 River Street Paper Mill

Listing Price: $2,114,600

Gross SF
211,460
Price/Gross SF
$10.00
Lot Size
13.40 acres
Year Built
1900
Rentable SF
211,460

Investment Highlights

  • 211,460 SF Building Sitting on 13.4 Acres of Land
  • 2.5 Miles From Wachusett Commuter Rail Station and 2 Miles to Downtown Fitchburg
  • Ample Parking and Room To Build
  • Sits on the Banks of the Nashua River

Investment Overview

642 River Street is a 211,460 SF former paper mill building in Fitchburg, MA. Originally constructed in 1900, the main building has undergone many renovations and additions throughout the years to accommodate Ahlstrom-Munksjos use. The property now includes three adjoining structures sitting on the banks of the Nashua River. Since 2009, the building has been mostly vacant and managed by the company.

The property is just minutes away from the Wachusett Commuter Rail station as well as Downtown Fitchburg and 2.5 miles from Route 2. It is 30 minutes from Worcester and an hour from Downtown Boston.

The most likely buyer for this property is a multifamily developer who will convert portions of the structures into residential use while demolishing other parts of the property that are not suitable for redevelopment. Another buyer could be an owner/user who plans on using the majority of the space for their operation while leasing out the rest.

Due to the propertys location on the banks of the river and distance from Route 2, the highest and best use would not be for distribution purposes but rather residential or cannabis cultivation/processing use.

Exclusively Listed By

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