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Redevelopment Opportunity in Methuen, MA
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380R Merrimack St, Methuen, MA 01844

5,645 SF suite suitable for medical or business offices.

Space Size5,645 SF
Property Size33,945 SF
Days on Market1171

Property Features for 380R Merrimack St

General Information

Standard status Active
Size 5,645 SF
Class B
Property subtype Office
Lease Type NNN

Building Details

Building Size 33,945 SF
Year Built 2014
Tenancy Multiple

Spaces For Lease

at 380R Merrimack St Contact us

Suite 6 - 3rd Floor

Size
5,645 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Coldwell Banker Commercial NRT Haverhill
Listed By: Steven DeSisto · License #MA -94608
Source: Crexi
Added: Jun 22, 2023 Changed: Aug 21 Last Checked: Sep 3 at 4:42AM

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 Coldwell Banker Commercial NRT Haverhill

Investment Insights

Based on property information with market context.

This 5,645 square foot suite is available for redevelopment into medical or business offices. The unit benefits from abundant natural light due to its three exterior walls. It features four HVAC units, offering flexibility in the build-out process. The building is currently occupied by medical tenants, making it a potentially suitable location for a physician's office, particularly given its proximity to other medical office facilities.

Key Highlights

  • Large 5,645 SF suite suitable for medical or business offices.
  • Abundant natural light with 3 exterior walls.
  • Located in a building with existing medical offices.

Property Analytics

Current Use

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

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Barber Shop (Bike/Boat/Book/etc) Store Plumbing Service Cafe & Coffee Shop

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

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

397
Businesses Nearby
Under-served
Demand for This Use

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

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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 5,645 SF suite suitable for medical or business offices.
Where is this medical office space 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: Large 5,645 SF suite suitable for medical or business offices.; Abundant natural light with 3 exterior walls.; Located in a building with existing medical offices.
More about this property
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