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    32 Summer St Haverhill, MA 01830

    Sponsored
    For Sale
    $699,900

    Prime location, office space & rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional Haverhill, MA commercial property, located at 32 Summer Street, presents a unique investment opportunity. The iconic Mark Lawrence Studio building sits on a 0.41-acre lot and offers a blend of lucrative office space and consistent rental income from three fully occupied one-bedroom apartments. Each apartment includes heat and hot water, contributing to a stable revenue stream. Tenant convenience is enhanced by a shared washer and dryer located on the second floor. The first floor comprises a well-designed office area, featuring a reception area, two spacious offices, a kitchen, and two half-bathrooms. Additional features include a dedicated darkroom, ample storage rooms, and a pleasant garden area. Off-street parking is available for up to ten vehicles, providing convenient access for both tenants and office occupants. The property also boasts an efficient irrigation system operating on a separate water meter, minimizing operational costs. This prime location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a combination of workspace and passive income generation. The property is priced at $699,900.

    Property Features for 32 Summer St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Mark Lawrence Photographers Photographer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.07558
    Latitude
    42.77799

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, office space & rental income.
    Where is this commercial real estate located?
    The property is located at 32 Summer St Haverhill, MA.
    What is the asking price?
    The asking price for this property is $699,900.
    (978) 374-0112
    Request Owner's contact information
    32 Summer St Haverhill, MA 01830
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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
    32 Summer St Haverhill, MA 01830
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