Listing Agency: k***@nemoves.com Show Phone

Listed By: Kevin Show Phone

Added: Dec 26, 2024 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 2,250-square-foot retail space is located on well-traveled State Route 110. The property, currently occupied by a jiu-jitsu studio, features a wide-open layout suitable for various businesses. It includes two separate entrances for convenient customer access. A recently paved parking lot provides ample parking. The location benefits from high foot traffic and signage opportunities. The property is near DeLeo's Pizzeria. The property is classified as both retail residential and mixed-use and is located in Essex County, Massachusetts, zip code 01860.

Property Analytics

Property Profile

Current Use

Unique Nails Tech, ... Nail Salon DeLeo's Pizza Restaurant Communities Collaborative Social Service Agency Binda Jiu Jitsu ... Training Center

Suggested Use

Top Pick Law Firm Auto Repair Shop Restaurant Real Estate Agency Building Supply Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail residential property - Retail | Single tenant | 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 $13.33 SF/Yr.