Sealed Bid Auction: 352,914+/-sf Commercial/Industrial Building in Lowell, MA

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Lowell, MA, Sealed Bid Auction - Development Opportunity - 352,914+/-sf, 3-Story Commercial/Industrial Building on 14.4+/- Acres

JJManning Auctioneers is proud to offer at Sealed Bid Auction an income/development opportunity located at 2 Prince Ave. (f/k/a 38 Prince Ave.), Lowell, MA. This is a 352,914+/-sf. commercial/industrial building on 14.4+/- acres. It's the former Prince Macaroni Manufacturing Co. Facility and Dutton Yarn Co. Factory. Sealed bids are due on Wednesday, June 29, 2011 at 4:00pm EDT.

The site is professionally landscaped and has 300+ parking spaces. There is a 3-story main building that was built in 1950 plus two 1-story wing additions built in 1978. The 1st, 2nd and 3rd floors of the main building are 94,564+/- sf. each. The wings are 20,842+/- sf. (northeast) and 48,379+/-sf. (southwest). The construction is reinforced concrete frame/CMU and the roof is a rubber membrane, installed in 1999. Ceiling height is 18’+/- (1st and 2nd floors) to 32’+/- (3rd floor) and column spacing is 30’+/- x 22’+/-. The building features a heavy floor load capacity, 14,000+/- sf. finished office space and a 100% wet sprinkler system. There are (2) 10,000 lbs. capacity passenger elevators – 1 freight & 1 passenger, 7 loading docks (6 dock height with hydraulic levelers and 1 drive-in), plus 2 direct access loading doors (1 each 2nd & 3rd floors). There's full heat by gas-fired boilers and a/c capability on the 2nd and 3rd floors.

The central location off the Lowell Connector provides access to Routes 3, I-93 and I-495 and is convenient for distribution and commuters. There is an existing tenant base with area for additional occupation/income. LI zoning provides many possibilities for light industrial, manufacturing, storage, educational, and other uses. The property is a priority development site under MGL Chapter 43D, an expedited permitting law.

Property Tours: Wed., 6/15/11 (10am-12pm) Wed., 6/22/11 (12pm-2pm) and by appointment
Sealed Bid Form and Initial Deposit Due: Wed., 6/29/11 by 4pm EDT

See Property Information Package for access to property appraisal, title insurance, environmental report, leases, and more.

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Justin Manning
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