Flex Space with
For Sale
Contact for pricing
30R Hampshire, Methuen, MA 01844
Open commercial layout with a separate lower-level workshop, natural light, kitchenette, and access to a downtown riverwalk.
Property Size2,689 SF
Price / SF$1.02
Days on Market210
Property Features for 30R Hampshire
General Information
Standard status
Active
Size
2,689 SF
Property subtype
Commercial
Zoning
CBD
Lease Type
Gross
Additional Details
Highway Access
Yes
Amenities
kitchenette with granite countertops
outside picnic area
riverwalk
digital-entry walk-in access
free parking
Building Details
Building Size
2,689 SF
Year Built
2026
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
(603) 434-2377
Listed By:
Paula Constance
(617) 651-1079
Source:
Churchillprop
Added: Mar 22
Changed: Oct 6
Last Checked: Oct 16 at 6:33AM
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 Berkshire Hathaway HomeServices Verani Realty
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Investment Insights
Based on property information with market context.
This 2026-built flex property combines a full-floor commercial suite with additional workshop or studio space below. The primary area measures +/-1,920 sf and offers an open arrangement, contemporary finishes, abundant natural light, digital-entry access, and waterfall views. A separate +/-769 sf area one level down adds practical room for workshop, studio, or light industrial functions. A kitchenette with granite countertops supports day-to-day use, while the property also includes an outdoor picnic area and riverwalk access.
Located in the Historic District of Downtown Methuen, the property carries CBD zoning and is positioned near highways, free parking, downtown amenities, and popular eateries. The stated use possibilities include engineering, law, wellness, and architectural practices.
Located in the Historic District of Downtown Methuen, the property carries CBD zoning and is positioned near highways, free parking, downtown amenities, and popular eateries. The stated use possibilities include engineering, law, wellness, and architectural practices.
Key Highlights
- +/-1,920 sf full‑floor open commercial suite
- Separate +/-769 sf workshop, studio, or light industrial area
- CBD zoning in the Historic District of Downtown Methuen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,603
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,060
$572.1K
Cap Rate 7%
$408,614
$408.6K
Cap Rate 9%
$317,811
$317.8K
Market Conditions
NOI Build-Up for 2,689 SF
Gross rent
$43.2K $16.08/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$40.9K $15.20/SF
− OpEx
−$12.3K −$4.56/SF
NOI
$28.6K $10.64/SF
Area
Essex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,060
Cap Rate 7%
$408,614
Cap Rate 9%
$317,811
Alternative Uses
Best Use
Office B
$1.07M
$936.9K – $1.25M
NOI $74,950 @ 7.0% cap · market cap 2,725.45%
Second Best
Flex RnD
$670.2K
$586.4K – $781.9K
NOI $46,915 @ 7.0% cap · market cap 1,706.00%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,431 @ 7.0% cap · market cap 4,052.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Olga's Catering-Picaderas-Lawrence-methuen — 163 Oakland Ave, Methuen, MA 01844
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with a separate lower-level workshop, natural light, kitchenette, and access to a downtown riverwalk.
Where is this flex space located?
The property is located at 30R Hampshire Methuen, MA.
What are key features of this property?
This property features: +/-1,920 sf full‑floor open commercial suite; Separate +/-769 sf workshop, studio, or light industrial area; CBD zoning in the Historic District of Downtown Methuen
