Property summary
Merrimac Plaza, a vibrant shopping center in Essex County, offers exceptional retail space for lease. This 180,000 square foot center boasts a strong anchor tenant, Market Basket, driving significant foot traffic. With over 202,000 annual visitors and an impressive average of 9-10 visits per year, this location guarantees high visibility and consistent customer flow. The property is strategically located on Route 110 (Haverhill Street), just half a mile from I-93, ensuring easy access for both residents and commuters. Ample parking is available for shoppers' convenience. Currently, there are three available retail spaces ranging from 1,274 to 2,426 contiguous square feet, totaling 7,445 square feet of vacant space. The center features a total of four suites, providing a diverse mix of retail offerings to cater to the needs of the densely populated surrounding area. This is an exceptional opportunity to establish or expand your business in a thriving community shopping center with a proven track record of success. The property's prime location and high traffic volume make it an ideal investment for businesses seeking strong returns. Don't miss this chance to secure your space in Merrimac Plaza.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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