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    380R Merrimack St Methuen, MA 01844

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Medical Office Suite Available

    Lot size:
    33,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,645 square foot medical office suite is situated within a larger 33,945 square foot Class B building located in the Merrimack Valley submarket at 380R Merrimack Street, Methuen. Built in 2014, the building offers a multi-tenant environment, with this particular suite presenting a fantastic redevelopment opportunity for medical or business offices. The suite boasts abundant natural light from its three exterior walls, providing a bright and welcoming atmosphere. Four individual HVAC units offer maximum flexibility for customized build-outs to suit specific tenant needs. The minimum divisible space is 5,645 square feet, which is also the maximum contiguous space currently available. The entire building is currently occupied by medical tenants, making this an ideal location for a physician's office or related medical practice, benefiting from the established medical presence in the immediate vicinity. The property sits on three acres of land. This is a rare opportunity to secure a well-located, adaptable space in a thriving medical community. The suite's size and features make it perfect for a variety of medical or business uses. Don't miss this chance to establish your practice or business in a prime location.

    Property Features for 380R Merrimack St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,945 SF
    Class
    B
    Total Rate
    56575

    Building Details

    Year Built
    2014

    Unit(s) available at that property

    Space
    Suite 6 - 3rd Floor
    Size
    5,645 SF
    Rate per SF
    $20

    HighLights

    • 33,945 SF medical office building in the Merrimack Valley submarket.
    • 5,645 SF vacant suite available, divisible to 5,645 SF.
    • Building features multiple tenants and is Class B.
    • Built in 2014, situated on 3 acres of land.
    • Suite offers abundant natural light and four HVAC units.
    • Ideal for medical or business office redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vartan Yeghiazarians, MD Internist Stivaly Rodriguez Quezada, ... Pediatrician Nicole Jarjoura Sleiman Infectious Disease Physician VENUGOPAL R SADDI Infectious Disease Physician Durga Eluri Rao Nephrologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1295799
    Latitude
    42.7478596

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suite Available
    Where is this medical office located?
    The property is located at 380R Merrimack St Methuen, MA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 33,945 SF medical office building in the Merrimack Valley submarket.; 5,645 SF vacant suite available, divisible to 5,645 SF.; Building features multiple tenants and is Class B.
    Request Owner's contact information
    380R Merrimack St Methuen, MA 01844
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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
    380R Merrimack St Methuen, MA 01844
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