Corner Storefront
New
For Sale
Contact for pricing
2-20 Merrimack St, Haverhill, MA 01830
An open-plan commercial unit features expansive glazing and eight dedicated garage parking spaces.
Property Size3,379 SF
Price / SF$294.47
Days on Market4
Property Features for 2-20 Merrimack St
General Information
Standard status
Active
Size
3,379 SF
Class
Class A
Total Parking Spaces
8
Property subtype
RETAIL
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground
Asking Price
$995,000
Property Use
Retail, Office, Medical, Flex
Amenities
expansive floor-to-ceiling storefront windows
flexible open floor plan
Building Details
Year Built
2017
Listing Agency:
Bell Tower Commercial Real Estate Group
(978) 458-8822
Listed By:
Gary Sidell
(978) 375-7363
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:21PM
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 Bell Tower Commercial Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,379 SF commercial condominium occupies a first-floor corner position in Harbor Place. Its flexible open layout and broad, full-height windows support a range of commercial configurations. Class A construction was completed in 2017, and the unit includes eight exclusive parking spaces in the building’s garage.
At 2-20 Merrimack St in downtown Haverhill, the property sits near shops, restaurants, professional services, and the Merrimack River waterfront. The MBTA Haverhill Commuter Rail Station and I-495 are a short drive away. A municipal parking garage is across the street, with additional public parking nearby.
At 2-20 Merrimack St in downtown Haverhill, the property sits near shops, restaurants, professional services, and the Merrimack River waterfront. The MBTA Haverhill Commuter Rail Station and I-495 are a short drive away. A municipal parking garage is across the street, with additional public parking nearby.
Key Highlights
- 3,379± SF commercial condominium
- First‑floor corner unit with expansive storefront glazing
- Eight exclusive parking spaces in the building garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,954
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,080
$1.2M
Cap Rate 7%
$842,200
$842.2K
Cap Rate 9%
$655,044
$655.0K
Market Conditions
NOI Build-Up for 3,379 SF
Gross rent
$97.3K $28.80/SF
− Vacancy
−$6.6K −$1.96/SF
EGI
$90.7K $26.84/SF
− OpEx
−$31.7K −$9.39/SF
NOI
$59.0K $17.45/SF
Area
Essex County, MA
Vacancy
6.80%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,080
Cap Rate 7%
$842,200
Cap Rate 9%
$655,044
Alternative Uses
Best Use
Flex RnD
$842.2K
$736.9K – $982.6K
NOI $58,954 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$793.1K
$694.0K – $925.3K
NOI $55,518 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,025 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,199
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01830, MA
27,553
Population
11,159
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
89%
High-School Grad
13.9 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,784
Median Household Income
$49,289
Median Earnings
$1,602
Median Rent
$436,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Passion Flower Shop Inc. — 154 Washington St, Haverhill, MA 01832
Frequently Asked Questions
What type of property is this?
Storefront property - An open-plan commercial unit features expansive glazing and eight dedicated garage parking spaces.
Where is this storefront property located?
The property is located at 2-20 Merrimack St Haverhill, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,379± SF commercial condominium; First‑floor corner unit with expansive storefront glazing; Eight exclusive parking spaces in the building garage
