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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

224 East St Methuen, MA 01844

1.85 ac lot Built 1970
Property ID
Property summary
AI-generated overview

This exceptional 5,878-square-foot freestanding retail building is available for lease at 224 East Street in Methuen, Massachusetts. Situated on a 1.85-acre lot in Essex County, this single-tenant property boasts ample parking with 15 spaces. Constructed in 1970, the building is a single-story structure offering significant flexibility for a variety of retail uses. Currently occupied by Merrimac Marine, the property's Highway Business zoning allows for diverse adaptations, including automotive repair, winter sports-related businesses, or complete renovation for other retail ventures. The property's size and zoning provide a unique opportunity for businesses seeking a prominent location with high visibility. The property identification number (APN) is METH-001014-000108-000106B. This is a prime opportunity to establish or expand your business in a thriving community. The building's single-tenant occupancy ensures ease of management and control. The expansive lot size offers potential for future expansion or outdoor display areas. This property presents a compelling investment opportunity for businesses seeking a well-located, versatile retail space in Methuen, MA.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1970
Lot 1.85 ac (80,586 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jas Landscaping & Grounds Landscaping General Contractor
  • Elixir Hookah Lounge Methuen Restaurant
  • Merrimac Marine Supply (Bike/Boat/Book/etc) Store
  • Xpress Car & Truck Rental Car Rental Facility
  • Kalil property maintenance Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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