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Restaurant/Retail Space on High-Traffic Road
For Lease
$3,500/Mo

311 Merrimack St, Lawrence, MA 01841

Restaurant or retail space in high-traffic location near Route 495.

Space SizeContact for details
Property Size2,100 SF
Days on Market251

Property Features for 311 Merrimack St

General Information

Standard status Active
Size 2,100 SF
Property subtype COMMERCIAL

Taxes and HOA fees

Annual Taxes $28,000

Building Details

Building Size 2,100 SF
Year Built 1900
Listing Agency: Coldwell Banker Realty
Listed By: The Fisichelli Team
Source: Donnellyandco
Added: Feb 20 Changed: Oct 26 Last Checked: Oct 28 at 2:38PM

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 Coldwell Banker Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This property, formerly a sub and pizza restaurant, offers a retail space in a high-traffic location near Route 495 and various businesses. The location is suitable for a restaurant or a multitude of other businesses. The tenant is responsible for the fit-up and maintenance of equipment.

Key Highlights

  • Great retail space in a high‑traffic location near Route 495.
  • Located near many businesses.
  • Suitable for a restaurant or a multitude of other businesses.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Restaurants

Suggested Use

Top Pick Garden Center HVAC Service Carpet & Flooring Store Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service

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

Location Intelligence

Trade Area within ½ mile

2,280
Businesses Nearby
Under-served
Demand for This Use

Demographics for 01841, MA

53,654
Population
17,546
Households
3.1
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
3.0 sq mi
ZIP Area
17,885
Density / Sq Mi
$54,525
Median Household Income
$34,741
Median Earnings
$1,565
Median Rent
$393,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Heav'nly Catering — 262 Essex St, Lawrence, MA 01840

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant or retail space in high-traffic location near Route 495.
Where is this restaurant located?
The property is located at 311 Merrimack St Lawrence, MA.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Great retail space in a high‑traffic location near Route 495.; Located near many businesses.; Suitable for a restaurant or a multitude of other businesses.
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