Coffee Shop with
10 W Main St, Merrimac, MA 01860
For Sale
New
$500,000
The 1,776-square-foot building currently houses the Merrimac Municipal Light Department.
Property Size1,776 SF
Price / SF$281.53
Days on Market3
Property Features for 10 W Main St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Drive-Thru
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lamacchia Realty, Inc.
(603) 791-4992
Listed By:
Lisa White
(978) 935-3800
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lamacchia Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,776-square-foot commercial building was constructed in 1967 and is occupied by the Merrimac Municipal Light Department. A drive-through and on-site parking are part of the property. The zoning is VC, Legal Conforming, within the Village Commercial District. Residential use may be considered subject to town approvals and due diligence with the Town of Merrimac regarding zoning and permitted uses.
Key Highlights
- 1,776‑square‑foot commercial building
- Drive‑through and on‑site parking
- VC, Legal Conforming zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,828
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,560
$656.6K
Cap Rate 7%
$468,971
$469.0K
Cap Rate 9%
$364,756
$364.8K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$44.8K $25.20/SF
− Vacancy
−$985 −$0.55/SF
EGI
$43.8K $24.65/SF
− OpEx
−$10.9K −$6.16/SF
NOI
$32.8K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,560
Cap Rate 7%
$468,971
Cap Rate 9%
$364,756
Alternative Uses
Best Use
Specialty Retail
$469.0K
$410.4K – $547.1K
NOI $32,828 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$416.9K
$364.8K – $486.3K
NOI $29,180 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.05M
$920.0K – $1.23M
NOI $73,597 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
12,437 visits/mo
0.2 miles
Demographics for 01860, MA
6,723
Population
2,851
Households
2.4
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
791
Density / Sq Mi
$116,477
Median Household Income
$60,643
Median Earnings
$1,236
Median Rent
$531,300
Median Home Value
Check the figures for this property
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Coffee shop - The 1,776-square-foot building currently houses the Merrimac Municipal Light Department.
Where is this coffee shop located?
The property is located at 10 W Main St Merrimac, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,776‑square‑foot commercial building; Drive‑through and on‑site parking; VC, Legal Conforming zoning
