Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending
2 Charles St, Methuen, MA 01844
Existing retail units are in place alongside approved plans for four residential units, including one affordable unit.
Days on Market112
Property Features for 2 Charles St
General Information
Standard status
Pending
Property subtype
Special Purpose, Retail
Additional Details
Multifamily Units
4
Listing Agency:
CENTURY 21 North East
Listed By:
Michelle Fermin · License #9010875
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 5:39AM
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 CENTURY 21 North East
Investment Insights
Based on property information with market context.
This mixed-use building includes three existing commercial units and is approved for four residential units to be built out. One of the current commercial units is already rented for $1,600 per month. The seller has blueprints/plans and estimated build-out costs for the residential component.
Plans call for larger residential units, an elevator, and off-street parking. Of the approved residential units, one is designated as part of the affordable housing program, with monthly rent set at $1,491 and allocated through a lottery for income-eligible households.
The property is located in downtown Methuen at 2 Charles St.
Plans call for larger residential units, an elevator, and off-street parking. Of the approved residential units, one is designated as part of the affordable housing program, with monthly rent set at $1,491 and allocated through a lottery for income-eligible households.
The property is located in downtown Methuen at 2 Charles St.
Key Highlights
- Mixed‑use commercial and residential building in Downtown Methuen with approved plans for 4 residential units
- Three existing commercial units, including one rented at $1,600 per month
- Seller has blueprints/plans and estimated build‑out costs for the residential units
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing retail units are in place alongside approved plans for four residential units, including one affordable unit.
Where is this mixed-use property located?
The property is located at 2 Charles St Methuen, MA.
What are key features of this property?
This property features: Mixed‑use commercial and residential building in Downtown Methuen with approved plans for 4 residential units; Three existing commercial units, including one rented at $1,600 per month; Seller has blueprints/plans and estimated build‑out costs for the residential units
