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    248 Haverhill St Methuen, MA 01844

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    For Sale
    Contact for pricing

    2 Acres, I-93 Access, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Methuen, Massachusetts. Strategically located on Haverhill Street, this property enjoys unparalleled visibility and convenient access, boasting an average daily traffic count of 25,536 vehicles. Its proximity to Interstate 93, with its impressive average daily traffic of 129,323 vehicles, further enhances its commercial potential. The site benefits significantly from its close proximity to a thriving shopping center anchored by a Market Basket supermarket, ensuring a consistent flow of potential customers. This prime location offers strong visibility to a large volume of daily traffic, making it ideal for a wide range of commercial developments. The property's size and location provide ample space for various commercial ventures, capitalizing on the high traffic counts and the established retail presence in the immediate vicinity. The address is 248 Haverhill Street, Methuen, MA 01844, situated in Essex County. This is a rare opportunity to acquire a highly visible and accessible commercial land parcel in a bustling area with significant growth potential. The property is zoned for commercial use (verification of zoning regulations is recommended). This 2-acre lot offers significant development possibilities for businesses seeking high visibility and convenient access to major transportation arteries.

    Property Features for 248 Haverhill St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre parcel directly off I‑93.
    • High traffic counts: 25,536 vehicles daily on Haverhill Street and 129,323 on I‑93.
    • Excellent location near a Market Basket‑anchored shopping center.
    • High visibility and convenient access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.2044939
    Latitude
    42.7061715

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    FAQs

    What type of property is this?
    Land - 2 Acres, I-93 Access, High Traffic
    Where is this land located?
    The property is located at 248 Haverhill St Methuen, MA.
    What are key features of this property?
    This property features: 2-acre parcel directly off I-93.; High traffic counts: 25,536 vehicles daily on Haverhill Street and 129,323 on I-93.; Excellent location near a Market Basket-anchored shopping center.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    248 Haverhill St Methuen, MA 01844
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