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    117 E Main St Merrimac, MA 01860 Merrimac, MA 01860

    Sponsored
    For Lease
    $13 SF/Yr ($2,499 /Mo)

    Prime Merrimack retail space, 2,250 sq ft.

    Lot size:
    2,250 SF

    Description

    Added:
    Dec 25, 2024
    Days on Market:
    377
    This exceptional 2,250-square-foot retail space in Merrimack, MA, is ideally situated at 117 E Main St, offering excellent visibility and accessibility on well-traveled State Route 110. Currently occupied by a thriving jiu-jitsu studio, the property boasts a clean, wide-open layout perfect for a variety of businesses. The building features two separate entrances, providing convenient access for customers. Ample parking is available in a recently paved lot, ensuring ease of access for both patrons and employees. The location benefits from high foot traffic and excellent signage opportunities, maximizing visibility for your business. The property's proximity to the popular DeLeo's Pizzeria further enhances its appeal and potential for attracting customers. This is a rare opportunity to secure a well-located, versatile retail space in a thriving community. The annual rate is $13.33 per square foot. The property is classified as both retail residential and mixed-use. The property is located in Essex County, Massachusetts, zip code 01860.

    Property Features for 117 E Main St Merrimac, MA 01860

    General Information

    Property type
    Retail residential properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,250 SF
    Elevators
    N/A
    Total Rate
    2499.38

    HighLights

    • 2,250 sq ft of wide‑open space, ideal for various uses.
    • Prime location on Route 110 with excellent street visibility.
    • Ample, recently paved parking and two convenient building entrances.
    Location Intelligence

    Current Use by Public Records

    Retail residential properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrimac
    State
    Massachusetts
    Longitude
    -71.074995
    Latitude
    42.330963

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    FAQs

    What type of property is this?
    Retail residential property - Prime Merrimack retail space, 2,250 sq ft.
    Where is this retail residential property located?
    The property is located at 117 E Main St Merrimac, MA 01860 Merrimac, MA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 2,250 sq ft of wide-open space, ideal for various uses.; Prime location on Route 110 with excellent street visibility.; Ample, recently paved parking and two convenient building entrances.
    (978) 587-6008
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    117 E Main St Merrimac, MA 01860 Merrimac, MA 01860
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 E Main St Merrimac, MA 01860 Merrimac, MA 01860
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