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Property profile & analytics
FOR LEASE
Office buildings

12 Baldwin St Methuen, MA 01851

6,145 SF 0.57 ac lot Built 1987
Entity Owned 2-yr Hold Free & Clear
Property ID
US38-1076179
Property summary
AI-generated overview

This exceptional commercial property at 12 Baldwin Street in Methuen, MA, offers a diverse range of leasing opportunities. The 14,290 square foot building, constructed in 1987, sits on a 0.57-acre lot and boasts 30 parking spaces, ensuring convenient access for tenants and clients. The property features a mix of retail, office, and medical office spaces, suitable for a variety of businesses. Currently, there is approximately 12,290 square feet of vacant space available for lease. The building is comprised of eight units, with units 1-3 located on the second floor and units 4-8 on the first floor. First-floor units benefit from private restrooms, while the second-floor units share three common restrooms. Several units offer additional features such as existing plumbing infrastructure, multiple door access points, and large open areas ideal for retail or reception spaces. Prime first-floor corner units provide excellent street visibility and ample signage opportunities. Unit 1, a first-floor corner unit, features approximately 2,000 square feet, two renovated restrooms, a large reception area, and a rear area suitable for a conference room or private office. Unit 5, a 600+ square foot storefront-style unit, is also available and features a private restroom, a rear closet, and an additional sink. Unit 5 can be combined with Unit 4 to create a larger 1,200 square foot space. The property's location in Methuen, MA, offers excellent visibility and accessibility, making it an ideal investment opportunity. The APN numbers are 51212433 and 2038861.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction FRAME
Total area 6,145 SF
Lot 0.57 ac (24,916 SF)
Zoning code BH
APN METH M:00512 B:00124 L:00033
UPID US38-1076179
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yellow Lilly Day Spa Alternative Medicine Practice Spa & Massage Center
  • Avanti Home Health Care Home Health Care Service
  • L'Eglise Combattante De La Nouvelle Generation Church
  • Lavender Spa Alternative Medicine Practice Spa & Massage Center
  • Nightlife Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$909k
Blend (final) Blend
$870k
Owner & transaction history
West Pine Management LLC · 2 yrs held
West Pine Management LLC
since 2024
Last sale
$1
3 recorded transactions
2024
Price N/A
2010
$1
1997
$105,000
Zoning & alternative use
BH · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.4M +31.3%
Commercial (general) $1.1M +8.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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