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Conventional Restaurant Space with Flexibility
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311 Merrimack St, Lawrence, MA 01841

Former food-service space near Route 495 with I2 zoning and tenant-controlled fit-up.

Property Size2,100 SF
Price / SF$1.90
Days on Market191

Property Features for 311 Merrimack St

General Information

Standard status Active
Size 2,100 SF
Property subtype Commercial
Zoning I2

Taxes and HOA fees

Annual Taxes $28,000

Building Details

Building Size 2,100 SF
Year Built 1900
Listing Agency: Sagan Harborside Sotheby's International Realty
Listed By: Chris Bernier
Source: Churchillprop
Added: Feb 21 Changed: Aug 30 Last Checked: Aug 31 at 1:49PM

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 Sagan Harborside Sotheby's International Realty

Investment Insights

Based on property information with market context.

Previously operated as a sub and pizza restaurant, this property offers an established commercial setting for restaurant use or other business applications. The space is positioned on a high-traffic road near Route 495 and an established concentration of businesses, providing a practical location for customer-facing operations.

The building was constructed in 1900 and carries I2 zoning. Any incoming tenant will be responsible for completing the fit-up and maintaining the equipment, allowing operational improvements to be managed according to the selected business concept.

Key Highlights

  • Former sub and pizza restaurant space
  • I2 zoning
  • Located near Route 495 and surrounding businesses

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Garden Center HVAC Service Pet Store Carpet & Flooring 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.

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

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former food-service space near Route 495 with I2 zoning and tenant-controlled fit-up.
Where is this conventional restaurant located?
The property is located at 311 Merrimack St Lawrence, MA.
What are key features of this property?
This property features: Former sub and pizza restaurant space; I2 zoning; Located near Route 495 and surrounding businesses
More about this property
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