Absolute Auction - Income Opportunity - 70,000+/-sf Brick Mill Complex

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70,000+/-sf Brick Mill Complex on 2.6+/- Acres Selling in the Entirety at Absolute Auction - To the Highest Bidder, Regardless of Price!

JJManning Auctioneers is proud to offer at Absolute Auction a 70,000+/-sf brick mill complex on 2.6+/- acres located at 644 River St., Fitchburg, MA. The complex is comprised of a 6,000+/-sf. 2-story wood clapboard unconditioned warehouse known as the "Spring House" and 2 primary brick mill buildings with portions dating to 1880. There's been about $700,000+/- in major renovation projects from 1990-2011.
This income opportunity is in the 40R and Wachusett Smart Growth Corridors with potential for commercial, industrial, and conversion to residential uses. It's less than 2.5+/- miles to the new Wachusett Commuter Rail Station with easy access to Routes 2 and 31, just 50+/- miles from Boston, MA and Concord, NH.
The historic mill ran as the Fitchburg Paper Company until 1984. From 1989-2012 the site was used by Can-Am Machinery as a warehouse for pulp and paper equipment. A portion of #2 Mill is leased by Tousignant Industries through 7/31/12. This property will sell to the highest bidder, regardless of price.
Terms of sale include a 10% deposit of which $20,000 must be presented in cash, certified or bank check at the auction with the remainder of the 10% deposit in wire transfer, cash, certified or bank check is due within 3 business days. The balance is due within 45 days. There is a 10% Buyer's Premium. Other terms, if any, will be announced at the sale. Buyer's broker terms offer up to a 2% broker commission with mandatory pre-registration requirements.

Property Tours: Wed., 4/18 & Th., 4/26 (11am-1pm each day)
Absolute Auction: Thursday, May 3, 2012 at 12pm on-site

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Justin Manning

Justin Manning
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