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Property profile & analytics
FOR LEASE
Turn key restaurants

12 School St Merrimac, MA 01860

2,924 SF 0.49 ac lot Built 1970
Individually Owned 26-yr Hold ~ Est. High Equity
Property ID
US38-1291977
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction FRAME
Total area 2,924 SF
Lot 0.49 ac (21,471 SF)
Zoning code VC
APN MERR M:0001 B:0001 L:00001
UPID US38-1291977
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
School St RT · 26 yrs held
School St RT
since 1999
7 recorded transactions
2019
Price N/A
2005
Price N/A
2003
Price N/A
1999
$210,000
1999
Price N/A
1988
$200,000
1969
Price N/A
Zoning & alternative use
VC · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8 VILLAGE CENTER DISTRICT (VC) 8.1 Purposes. The Town shall have a Village Center (VC) District as shown on the OFFICIAL ZONING MAP. The purposes of the Village Center District are to preserve and enhance the historic built form of Merrimac Square, develop and sustain a vital local economy, provide goods and services used predominantly by residents of the To…

Zone name Village Center
General category SPECIAL
Zone area 18.13 ac
Source Merrimac Zoning Bylaw
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