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First-Floor Office Suite with AC
For Lease
$950/Mo

5 Pleasant Street # 110, Methuen, MA 01844

Totally renovated first-floor office suite with AC and 600 sq ft, with tenant-paid electricity, phone, and internet.

Space SizeContact for details
Days on Market691

Property Features for 5 Pleasant Street # 110

General Information

Standard status Active
Property subtype COMMERCIAL

Taxes and HOA fees

Annual Taxes $27,355

Building Details

Year Built 1900
Listing Agency: McKeon / Corcoran Real Estate
Listed By: Robin R. McKeon
Source: Donnellyandco
Added: Oct 4, 2024 Changed: Aug 24 Last Checked: Aug 23 at 2:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McKeon / Corcoran Real Estate

Investment Insights

Based on property information with market context.

This totally renovated first-floor office suite includes air conditioning and provides approximately 600 square feet of office space. The tenant is responsible for electricity, phone, and internet. Lease terms offered include a 3-year lease structure requiring first month’s rent, last month’s rent, and one month security deposit, with the landlord willing to consider a longer lease as well.

The suite is located at the Red Tavern in downtown Methuen and is available now. Public transportation is available.

The space is a good fit for a variety of personal service and office uses such as massage, real estate office, hair, nails, barber shop, or tax preparation. If the tenant needs water and sewer services, those costs would be the tenant’s responsibility.

Key Highlights

  • Totally renovated, first‑floor office suite in downtown Red Tavern area
  • 600 sq ft first‑floor unit with AC
  • Available now

Property Analytics

Current Use

Mi Mexico Lindo Restaurant Centro Familiar Cristiano ... Church WLHG-Company Discount Store JF Tax Services Accounting Firm DT Designs Textile Manufacturer

Suggested Use

Top Pick Parking Lot & Garage Locksmith Catering Service (Bike/Boat/Book/etc) Store Travel Agency Auto Parts Store

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
$2.85 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

718
Businesses Nearby

Demographics for 01844, MA

52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
Median Home Value

Market

Lease Benchmarks for Methuen, MA

$26.15 /SF/Yr
Avg Asking Price
$12.72–$43.54 /SF/Yr
Price Range
4,105 SF
Avg Space Size

This space is priced 27% below the average of $26.15 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Totally renovated first-floor office suite with AC and 600 sq ft, with tenant-paid electricity, phone, and internet.
Where is this office units located?
The property is located at 5 Pleasant Street # 110 Methuen, MA.
What is the lease rate?
The lease rate is $950/Mo.
What are key features of this property?
This property features: Totally renovated, first‑floor office suite in downtown Red Tavern area; 600 sq ft first‑floor unit with AC; Available now
More about this property
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