224 East St Methuen, MA 01844
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.
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Jas Landscaping & Grounds Landscaping General Contractor
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Elixir Hookah Lounge Methuen Restaurant
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Merrimac Marine Supply (Bike/Boat/Book/etc) Store
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Xpress Car & Truck Rental Car Rental Facility
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Kalil property maintenance Landscaping General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.