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    FOR LEASE
    Office buildings

    12 Baldwin St, Methuen, MA 01851

    6,145 SF 0.57 ac lot Built 1987
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US38-1076179
    Property summary
    AI-generated overview

    This exceptional commercial property at 12 Baldwin Street in Methuen, MA, offers a diverse range of leasing opportunities. The 14,290 square foot building, constructed in 1987, sits on a 0.57-acre lot and boasts 30 parking spaces, ensuring convenient access for tenants and clients. The property features a mix of retail, office, and medical office spaces, suitable for a variety of businesses. Currently, there is approximately 12,290 square feet of vacant space available for lease. The building is comprised of eight units, with units 1-3 located on the second floor and units 4-8 on the first floor. First-floor units benefit from private restrooms, while the second-floor units share three common restrooms. Several units offer additional features such as existing plumbing infrastructure, multiple door access points, and large open areas ideal for retail or reception spaces. Prime first-floor corner units provide excellent street visibility and ample signage opportunities. Unit 1, a first-floor corner unit, features approximately 2,000 square feet, two renovated restrooms, a large reception area, and a rear area suitable for a conference room or private office. Unit 5, a 600+ square foot storefront-style unit, is also available and features a private restroom, a rear closet, and an additional sink. Unit 5 can be combined with Unit 4 to create a larger 1,200 square foot space. The property's location in Methuen, MA, offers excellent visibility and accessibility, making it an ideal investment opportunity. The APN numbers are 51212433 and 2038861.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1987
    Construction FRAME
    Total area 6,145 SF
    Lot 0.57 ac (24,916 SF)
    Zoning code BH
    APN METH M:00512 B:00124 L:00033
    UPID US38-1076179
    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
    • Yellow Lilly Day Spa Alternative Medicine Practice Spa & Massage Center
    • Avanti Home Health Care Home Health Care Service
    • L'Eglise Combattante De La Nouvelle Generation Church
    • Lavender Spa Alternative Medicine Practice Spa & Massage Center
    • Nightlife Hair Studio Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $909k
    Blend (final) Blend
    $870k
    Owner & transaction history
    West Pine Management LLC · 2 yrs held
    West Pine Management LLC
    since 2024
    Last sale
    $1
    3 recorded transactions
    2024
    2010
    $1
    1997
    $105,000
    Zoning & alternative use
    BH · Methuen, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.4M +31.3%
    Commercial (general) $1.1M +8.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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