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Methuen Historic District Land Opportunity
For Sale
$750,000

281 Broadway, Methuen, MA 01844

Half acre in historic district near I-93 and New Hampshire.

Property SizeContact for details
Lot Size0.50 Acres
Days on Market176

Property Features for 281 Broadway

General Information

Standard status Active
Lot size 0.50 Acres
Property subtype Land
Zoning CBD

Taxes and HOA fees

Annual Taxes $4,696
Listing Agency: Perella Real Estate
Listed By: Chris Bernier
Source: Churchillprop
Added: Mar 13 Changed: Sep 4 Last Checked: Sep 1 at 8:44PM

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 Perella Real Estate

Investment Insights

Based on property information with market context.

This approximate half-acre property is located in the historic district of Methuen, Massachusetts, at the corner of Broadway (Route 28) and Pleasant Street, near I-93 and Route 213, and close to the New Hampshire border. The property is situated within the Central Business District (CBD), which, according to the official zoning map, allows for a mix of retail, service, office, and residential uses, promoting diversity. The 40R Zoning ordinance allows 30 units per acre, potentially allowing 15 units on this half-acre parcel. Ground-floor nonresidential dimensional regulations permit up to 4 stories and 45 feet in height by right. The property features approximately 170 feet of frontage on Broadway and 75 feet on Pleasant Street. Subject to city approval, the site presents numerous development opportunities.

Key Highlights

  • Prime location in the Central Business District (CBD) of historic Methuen.
  • Mixed‑use zoning allows for retail, service, office, and residential development.
  • Close proximity to I‑93, Rt 213, and the New Hampshire border.

Property Analytics

Current Use

Commercial land

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Half acre in historic district near I-93 and New Hampshire.
Where is this commercial land located?
The property is located at 281 Broadway Methuen, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location in the Central Business District (CBD) of historic Methuen.; Mixed‑use zoning allows for retail, service, office, and residential development.; Close proximity to I‑93, Rt 213, and the New Hampshire border.
More about this property
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