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Two-Building Mixed-Use Property
For Sale
Contact for pricing
Pending

59 Merriam Ave, Leominster, MA 01453

Updated commercial property combines office suites, apartments, business space, and storage across two buildings.

Property SizeContact for details
Days on Market145

Property Features for 59 Merriam Ave

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily, Office

Units

Unit Mix 1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units 2
Office Units 6

Building Details

Buildings 2
Tenancy Multi
Listing Agency: RE/MAX Advantage 1
Listed By: Mark Consolmagno · License #MA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 11:49PM

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 RE/MAX Advantage 1

Investment Insights

Based on property information with market context.

This mixed-use property includes two buildings with a combination of residential, office, business, and storage areas. The front building contains a three-bedroom, one-and-a-half-bath apartment on the second floor and a two-bedroom, one-bath apartment on the third floor. The first floor is divided into four individual office units, while the basement includes two offices and storage space currently rented to one business.

The rear building has a first-floor business rental arranged with four rooms and a reception area. Its second floor could be renovated as another two-bedroom apartment or used as a large studio workspace. Additional storage space may also be available in the rear-building basement. The property is located at 59 Merriam Ave in Downtown Leominster, Massachusetts.

Key Highlights

  • Two buildings with residential, office, business, and storage components
  • Front building includes 3 BR and 2 BR apartments
  • Four individual office units occupy the front building’s first floor

Property Analytics

Current Use

Blue Hills Limousine Freight Service Zion Construction LLC Construction Company DMZ BOOKKEEPING AND TAX ... Accounting Firm John J Curley ... Law Firm Rewind Aesthetics Spa & Massage Center

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Locksmith Home Appliance Store Tanning Salon

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

6
Office units
2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,192
Businesses Nearby

Demographics for 01453, MA

43,752
Population
18,895
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
26.4 sq mi
ZIP Area
1,657
Density / Sq Mi
$82,098
Median Household Income
$52,247
Median Earnings
$1,282
Median Rent
$345,900
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated commercial property combines office suites, apartments, business space, and storage across two buildings.
Where is this mixed-use property located?
The property is located at 59 Merriam Ave Leominster, MA.
What are key features of this property?
This property features: Two buildings with residential, office, business, and storage components; Front building includes 3 BR and 2 BR apartments; Four individual office units occupy the front building’s first floor
(508) 757-4200 Call to check price and availability
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