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1111 Riverside Dr

Methuen, MA 01844
  • $3,300,000
  • STATUS: Active
  • MLS #: 72955705
$3,300,000
  • 0
    BEDS
  • 1.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1903
County:
Area:

School Ratings & Info

Listing courtesy of Henry Matos of Coco, Early & Associates.

Description

Investment opportunity in a well-known Methuen Ma location right off of Rte 93 and Rte 110. 11 units in total 9 out of the 11 currently leased. The two available units are roughly 1500 and 2500 sq ft. Owner occupy the available spots or lease out for additional income. The property is currently about a 5.7% cap rate with a potential to be an 8+ by leasing out the two vacant units.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T00:10:32.353.
www.welchmanrealestate.com/homes/126939864
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1111 Riverside Dr Methuen, MA 01844

  • Price: $3,300,000
  • Status: Active
  • On Site: Days
  • MLS #: 72955705
0
Beds
0
Baths
0
½ Baths
1.64
Acres
1903
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Investment opportunity in a well-known Methuen Ma location right off of Rte 93 and Rte 110. 11 units in total 9 out of the 11 currently leased. The two available units are roughly 1500 and 2500 sq ft. Owner occupy the available spots or lease out for additional income. The property is currently about a 5.7% cap rate with a potential to be an 8+ by leasing out the two vacant units.
Exterior Features

Location UrbanShopping MallFree StandingHighway Access Parking Features 1-10 Spaces Parking Spaces 65 Roof Material Metal Stories 1

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 15000.00 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 805600.00 Assessed Value Land 582100.00 Assessed Value Total 1387700.00 Commercial Industrial Type Commercial Disclosure No Disclosures Sq Footage is Approx And May Not Be Exact Exchange No Lease No Lender Owned Undisclosed Mau Units 0 Ofu Units 0 On File21 E No Reu Units 1 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Sublet No Tax Year 2022 Taxes 35552.87 Wau Units 0 Year Built Source Pr Zone Description Legal Non-Conforming Zoning Bh

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Henry Matos of Coco, Early & Associates.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T00:10:32.353.
 
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Welchman Real Estate Group | Keller Williams Realty of Newport
18 Commons
Little Compton RI, 02837
Listing courtesy of Henry Matos of Coco, Early & Associates.