60 Pine St, Methuen, MA 01844

Building Details

Building Size 2,982 SF More

Year Built 1905 More

Listing Agency: eXp Realty LLC - Corporate Office Show Phone

Listed By: The Prosperity Group Show Phone

Source: Churchillprop

Added: Sep 26 Changed: Nov 4 Last Checked: Nov 12 at 5:07AM

Report an Issue

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 eXp Realty LLC - Corporate Office

Ask AI about this property

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,982-square-foot flex space occupies the second floor at 60 Pine St in Methuen. Its layout includes five private offices, three open production or warehouse areas, a bathroom, and a washroom. The suite has a separate entrance, high ceilings, and parking for up to seven vehicles. The building dates to 1905, and the property is zoned BL.

Route 28, Route 213, I-495, and I-93 provide nearby highway access. The property is located in an industrial park with businesses representing a range of models.

The combination of office and open work areas supports uses such as light manufacturing, creative studios, professional services, and small businesses, as specified for the space.

Key Highlights

• 2,982 square feet of second‑floor flex space
• Five private offices and three open production or warehouse areas
• Separate entrance, bathroom, and washroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,887

Suggested Prices Based on Cap Rates

Cap Rate 5%

$637,740 $637.7K

Cap Rate 7%

$455,529 $455.5K

Cap Rate 9%

$354,300 $354.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,982 SF

Gross rent

$48.0K $16.08/SF

− Vacancy

−$2.4K −$0.80/SF

EGI

$45.6K $15.28/SF

− OpEx

−$13.7K −$4.58/SF

NOI

$31.9K $10.69/SF

Area

Essex County, MA

Vacancy

5.00%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$637,740

Cap Rate 7%

$455,529

Cap Rate 9%

$354,300

Alternative Uses

Best Use

Flex RnD

$743.2K

$650.3K – $867.1K (±1% cap)

NOI $52,027 @ 7.0% cap

Second Best

Warehouse

$556.1K

$486.6K – $648.7K (±1% cap)

NOI $38,924 @ 7.0% cap

Theoretical Best

Office A

$1.77M

$1.54M – $2.06M (±1% cap)

NOI $123,573 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Reliable Overhead Door Hardware & Home Improvement Mr Handyman Hardware & Home Improvement Janitech Inc General Contractor Motta Auto Sales Car Dealership Intoxalock Ignition Interlock Building Supply

Suggested Use

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

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

751

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

Market

Average Price Trend$/SF for Flex space in Essex County, MA

$236 Jul

$210 Aug

$166 Sep

$155 Oct

Properties on Market for Flex space in Essex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Flex Space with Workshop

30R Hampshire, Methuen, MA 01844

Contact for pricing

2,689 SF

View details

Flex Building

476 Broadway, Methuen, MA 01844

Contact for pricing

52,700 SF

View details

New Industrial Facility For Sale

46 Old Ferry Rd, Methuen, MA 01844

Contact for pricing

147,840 SF

View details

Three-Unit Residential Property

96-98 Elm Street, Methuen, MA 01844

$865,000

3,384 SF

View details

Retail Space with Mezzanine

130 Merrimack St, Methuen, MA 01844

Contact for pricing

2,560 SF

View details

Shell Condition Office/Medical Condo

2c-386 Merrimack St, Methuen, MA 01844

$285,000

2,526 SF

View details

Second-Floor Medical Office Space

386 Merrimack Street, Methuen, MA 01844

$285,000

View details

Triplex with Pocket Doors

66-68 Boston St, Methuen, MA 01844

$799,000

View details

Corner Retail Suite

12 Baldwin St, Methuen, MA 01844

Contact for pricing

2,000 SF

View details

Historic Triplex with Original Millwork

16 Quincy St, Methuen, MA 01844

$1,175,000

5,386 SF

View details

Turnkey Auto Body Repair Shop

20 Woodland St, Methuen, MA 01844

$1,599,900

5,600 SF

View details

First-Floor Street-Visible Office Suite

105 Haverhill St # 1, Methuen, MA 01844

Contact for pricing

1,400 SF

View details

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 - Second-floor space combines enclosed offices with open production and warehouse areas.

Where is this flex space located?

The property is located at 60 Pine St Methuen, MA.

What are key features of this property?

This property features: 2,982 square feet of second‑floor flex space; Five private offices and three open production or warehouse areas; Separate entrance, bathroom, and washroom