Property profile

225 Merrimack St Methuen, MA 01844

OFF-MARKET
Turn key restaurants
Property ID
US38-0588303
1,995 SF 0.14 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction STEEL FRAME
Total area 1,995 SF
Lot 0.14 ac (6,011 SF)
Zoning code BN
APN METH M:01111 B:00110C L:00139
UPID US38-0588303

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

225 Merrimack St Methuen, MA 01844-5615
Methuen metro Census 252601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

BN · Methuen, MA
Zoning description

BN Neighborhood Business District. The Neighborhood Business District is composed of all those areas so designated on the official zoning map. Predominant uses include small retail and service establishments serving the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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