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Value-Add | 110,000 SF Industrial Asset 151 Harrison St

110,000 SF 13% Leased Industrial Building Online Auction Sale Athol, MA 01331

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Virtual Tour

Investment Highlights

  • Versatile two story, 110,000 SF commercial property featuring 100,000 SF of industrial space and 10,000 SF of office space, set on a 3.62-acre lot.
  • Multi-use property poised for light industrial, manufacturing, or warehousing offers value-add through strategic lease-up or owner/user.
  • Within a 90-minute drive to Boston Logan Int’l Airport and the Massachusetts Port Authority, offering critical supply chain needs for businesses.
  • Seamless connectivity to US Route 202, Route 2, and Interstates 91 and 495, ensuring convenient access to the Greater Boston area and beyond.
  • Equipped with 600-volt, 3-phase power, seven loading docks, three freight elevators, and ample parking for tractor-trailers or RVs.
  • Massachusetts cannabis regulators approve new industry rules. The new regulations will go into effect by Nov. 22. See link below for more information.

Executive Summary

151 Harrison Street is a two story multi-use commercial building located in Athol, Massachusetts. The property is 110,000 square feet (approximately 55,000 square feet per floor) of industrial space complemented by 10,000 square feet of office space. Situated on a 3.03-acre property, with an additional .59-acre wooded lot adjacent to the main building primed for development. Zoned for general commercial use, the building supports a range of uses, including light industrial, manufacturing, and warehousing, with potential rail access. Key property features include high-capacity 600-volt, 3-phase power, both heated and unheated spaces, seven loading docks, three freight elevators, and ample parking designed for tractor-trailers or RVs. The office area is well equipped with a kitchen, waiting area, conference room, and high-speed internet. This property will be delivered vacant, making it an ideal owner-user opportunity or a strategic investment for leasing.

Strategically located in downtown Athol, the property benefits from extensive transportation access with U.S. Route 202 intersecting with Massachusetts Route 2, providing direct routes to Interstate 91 and I-495. The site is also within a 90-minute drive to Boston Logan International Airport and the Massachusetts Port Authority, offering critical connectivity for businesses with regional, national, or global distribution requirements. Additionally, the location provides proximity to a network of interstate highways and the Springfield Terminal Railway, supporting seamless logistics. Nearby amenities include a variety of retailers such as Domino’s Pizza, BP, local dining establishments, and the U.S. Postal Service, enhancing the appeal for potential tenants and employees. Athol’s growing population, bolstered by a 36,486-strong local workforce and an additional labor pool of 12,122, adds further value to this location, especially for sectors like manufacturing and healthcare.

With Athol’s manufacturing sector thriving—home to notable industries like furniture, tools, and plastics and its largest employer, the L.S. Starrett Company—this location offers a strong market advantage. With low tax rates and minimal net expenses, 151 Harrison Street presents an excellent investment with versatile use potential and robust area support.
Property tours are available by appointment only. Please contact the broker to schedule.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Worcester - MA USA

Market Cap Rate

Worcester - MA USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type Investment
Sale Conditions Auction Sale
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 3.62 AC
Rentable Building Area 110,000 SF
No. Stories 2
Year Built 1972
Parking Ratio 0.29/1,000 SF
Clear Ceiling Height 13 ft
No. Dock-High Doors/Loading 10
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • Bio-Tech/ Lab Space
  • Conferencing Facility
  • Security System
  • Storage Space
  • Air Conditioning

Utilities

  • Lighting - Fluorescent
  • Gas - Propane
  • Water - City
  • Sewer - City
  • Heating - Oil (Fired)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level - Basement Space
  • 50,000 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Cannabis zoned for manufacturing, farming, distribution, and retail. Built-in point booths available. 800A/600V 3-Phase power available.

  • 1st Floor
  • 200-5,000 SF
  • Office
  • Full Build-Out
  • 30 Days

Professional and newly renovated office space available. Rent by office or by suite. Fully durnished waiting areas, kitchen, and conference room. Extra storage, shop, or warehousing spaces are available in an adjacent building.

  • 1st Floor
  • 700-50,000 SF
  • Industrial
  • Shell Space
  • 30 Days

Large industrial space available for warehousing, light manufacturing, assembly, laborartory, or storage use. Can be subdivided with adjacent recently remodeled office space. Plenty of parking. Up to 50,000 of space available at street level and another 50,000 SF available at lower level with drive in acces and freight elevator availability.

  • 1st Fl-Ste Space 1-20
  • 150-5,000 SF
  • Office
  • Partial Build-Out
  • 30 Days

150 SF up to 5,000 SF professional office space. Warehouse, light manufacturing, and storage space available. Flexible, clean, and secure. From 1000 SF.

Space Size Space Use Condition Available
Lower Level - Basement Space 50,000 SF Industrial Partial Build-Out 30 Days
1st Floor 200-5,000 SF Office Full Build-Out 30 Days
1st Floor 700-50,000 SF Industrial Shell Space 30 Days
1st Fl-Ste Space 1-20 150-5,000 SF Office Partial Build-Out 30 Days

Lower Level - Basement Space

Size
50,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size
200-5,000 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size
700-50,000 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl-Ste Space 1-20

Size
150-5,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
30 Days

Lower Level - Basement Space

Size 50,000 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Cannabis zoned for manufacturing, farming, distribution, and retail. Built-in point booths available. 800A/600V 3-Phase power available.

1st Floor

Size 200-5,000 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Professional and newly renovated office space available. Rent by office or by suite. Fully durnished waiting areas, kitchen, and conference room. Extra storage, shop, or warehousing spaces are available in an adjacent building.

1st Floor

Size 700-50,000 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

Large industrial space available for warehousing, light manufacturing, assembly, laborartory, or storage use. Can be subdivided with adjacent recently remodeled office space. Plenty of parking. Up to 50,000 of space available at street level and another 50,000 SF available at lower level with drive in acces and freight elevator availability.

1st Fl-Ste Space 1-20

Size 150-5,000 SF
Space Use Office
Condition Partial Build-Out
Available 30 Days

150 SF up to 5,000 SF professional office space. Warehouse, light manufacturing, and storage space available. Flexible, clean, and secure. From 1000 SF.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
70
1 h 45 m
New York
8,398,748
179
4 h 17 m
Philadelphia
1,584,138
281
6 h 9 m
Baltimore
602,495
380
8 h 3 m
Washington
702,455
415
8 h 50 m
Virginia Beach
450,189
539
11 h 45 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
34,721
Total Labor Force
19,156
Unemployment Rate
4.48%
Median Household Income
$73,464
Warehouse Employees
3,838
High School Education Or Higher
91.00%
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • ATHO-29 12
  • ATHO-000029-000001
Land Assessment
$256,683 CAD
Improvements Assessment
$411,768 CAD
Total Assessment
$668,451 CAD

zoning

Zoning Code General Commercial (General Commercial Zoned for all cannabis related business.)
General Commercial (General Commercial Zoned for all cannabis related business.)

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

Auction Contact

Mary Humphreys
Auctioneer License: Ten-X, LLC Arlene Richardson RE Brkr 423761-RE-LC
  • Listing ID: 33593982

  • Date on Market: 2024-10-31

  • Last Updated:

  • Address: 151 Harrison St, Athol, MA 01331

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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