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    311 Merrimack St, Unit Right Lawrence, MA 01841

    For Lease
    $3,500 /Mo

    Retail space suitable for restaurant or other businesses.

    Lot size:
    0.59 Acres

    Property Features for 311 Merrimack St

    General Information

    Lot size
    0.59 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty - Haverhill Agent Steven Fisichelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant/Retail Space on High-Traffic Road

    This retail space, formerly a sub and pizza restaurant, is located on a high-traffic road near Route 495 and numerous businesses. The property features a large, open front room suitable for retail purposes, and a back room that currently serves as a kitchen, ideal for storage and office space. The space is suitable for a multitude of businesses. An additional 564 square feet is available for lease on the left side of the building, allowing for potential expansion.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Heav'nly Catering

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1477821
    Latitude
    42.7026397

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    FAQs

    What type of property is this?
    Restaurant - Retail space suitable for restaurant or other businesses.
    Where is this restaurant located?
    The property is located at 311 Merrimack St, Unit Right Lawrence, MA.
    What are key features of this property?
    This property features: - High-traffic location near Route 495 and numerous businesses.; - Versatile space suitable for a restaurant or a variety of other businesses.; - **Large open front room ideal for retail operations.**
    (978) 994-6503
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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
    311 Merrimack St, Unit Right Lawrence, MA 01841
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