Skip to main content

Warehouse

12-24 Pine St

12-24 Pine St, Swampscott, MA 01907

Listing Price: $1,950,000

Gross SF
15,000
Price/Gross SF
$130.00
Lot Size
0.36 acres
Year Built
1945
Rentable SF
15,000

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, two-story industrial building (the Property or Asset) located in Swampscott, Massachusetts. The building is currently occupied by five tenants who are all tenants at will and not confined to lease terms, giving a buyer the option to re-tenant the space at market rent or occupy for their own use. The Property is positioned six miles off the Route 1 exit ramp. The property is in an ideal location in Swampscott being just a five-minute walk from the commuter rail station, two-minute drive to Kings Beach, and 30 minutes to downtown Boston. The Property is well situated for an owner-user and/or investor who would like to acquire the property to stabilize and/or use it. This offering presents the rare opportunity to acquire a value-add industrial asset with the possibility of multifamily redevelopment down the line in Swampscott just minutes from Kings Beach.

Investment Highlights

  • Owner-User and/or Investor Opportunity
  • 48-Unit Development Opportunity
  • Five-Minute Walk From Commuter Rail

Exclusively Listed By

Listing Price: $1,950,000

Gross SF
15,000
Price/Gross SF
$130.00
Lot Size
0.36 acres
Year Built
1945
Rentable SF
15,000

Investment Highlights

  • Owner-User and/or Investor Opportunity
  • 48-Unit Development Opportunity
  • Five-Minute Walk From Commuter Rail

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, two-story industrial building (the Property or Asset) located in Swampscott, Massachusetts. The building is currently occupied by five tenants who are all tenants at will and not confined to lease terms, giving a buyer the option to re-tenant the space at market rent or occupy for their own use. The Property is positioned six miles off the Route 1 exit ramp. The property is in an ideal location in Swampscott being just a five-minute walk from the commuter rail station, two-minute drive to Kings Beach, and 30 minutes to downtown Boston. The Property is well situated for an owner-user and/or investor who would like to acquire the property to stabilize and/or use it. This offering presents the rare opportunity to acquire a value-add industrial asset with the possibility of multifamily redevelopment down the line in Swampscott just minutes from Kings Beach.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower