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Property profile & analytics
OFF-MARKET Estimated value $2,150,000
Industrial land

143 Pleasant Vly St Methuen, MA 01844-7209

11.05 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US38-1048202
Property summary
AI-generated overview

This exceptional 11-acre parcel in Methuen, MA, presents a unique opportunity for industrial development. Zoned IL - Limited Industrial, the property boasts 28,300 square feet of buildable land, ideally situated near major interstate highways for convenient transportation. Its prime location offers easy access to "The Loop," a thriving shopping and entertainment center, providing ample amenities for employees and customers. The site features existing infrastructure, including sewer drainage and a retaining wall, reducing initial development costs. The permitted uses are diverse, encompassing a wide range of possibilities, including agricultural uses (such as commercial nurseries and daycare centers), municipal facilities (fire or police stations, parking lots), medical clinics, general or medical offices, small retail and accessory uses, light manufacturing (including industrial, masonry, and food processing), commercial/industrial R&D and testing labs, and outdoor storage (excluding retail). This versatile property is perfect for businesses seeking a strategic location with excellent accessibility and a variety of permitted uses. The property's location in Essex County, MA, zip code 01844, offers a strong foundation for growth and success. Don't miss this chance to acquire a significant industrial land holding in a high-demand area.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 11.05 ac (481,338 SF)
Zoning code IL
APN METH M:01010 B:00108 L:00457
UPID US38-1048202
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
$2.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.15M
Owner & transaction history
Heavenly Invs Vi LLC · 2 yrs held
Heavenly Invs Vi LLC
since 2024
Last sale
$2.2M
4 recorded transactions
2024
Price N/A
2022
$2.2M
2012
$1
2000
$325,000
Zoning & alternative use
IL · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

IL Zoning districts. C. Applications. Billboards require a special permit, as set forth in this Section XI. The special permit granting authority shall be the Board of Appeals. Prior to the grant of any special permit, the Department of Economic and Community Development shall provide a written recommendation to the Board. Applications for Billboard Special…

Zone name Limited Industrial District
General category INDUSTRIAL
Zone area 1,156.67 ac
Source TOWN OF METHUEN, MASSACHUSETTS
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