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    FOR SALE
    Turn key restaurants

    248 Haverhill St, Methuen, MA 01844

    4,011 SF 4.11 ac lot Built 2010
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US38-1638840
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Methuen, Massachusetts. Strategically located on Haverhill Street, this property enjoys unparalleled visibility and convenient access, boasting an average daily traffic count of 25,536 vehicles. Its proximity to Interstate 93, with its impressive average daily traffic of 129,323 vehicles, further enhances its commercial potential. The site benefits significantly from its close proximity to a thriving shopping center anchored by a Market Basket supermarket, ensuring a consistent flow of potential customers. This prime location offers strong visibility to a large volume of daily traffic, making it ideal for a wide range of commercial developments. The property's size and location provide ample space for various commercial ventures, capitalizing on the high traffic counts and the established retail presence in the immediate vicinity. The address is 248 Haverhill Street, Methuen, MA 01844, situated in Essex County. This is a rare opportunity to acquire a highly visible and accessible commercial land parcel in a bustling area with significant growth potential. The property is zoned for commercial use (verification of zoning regulations is recommended). This 2-acre lot offers significant development possibilities for businesses seeking high visibility and convenient access to major transportation arteries.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2010
    Construction STEEL FRAME
    Total area 4,011 SF
    Lot 4.11 ac (179,032 SF)
    Zoning code BH
    APN METH M:00516 B:00153A L:00037F
    UPID US38-1638840
    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
    • Burger King Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $540k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $681k
    Blend (final) Blend
    $610k
    Owner & transaction history
    Burger King Co LLC · 3 yrs held
    Burger King Co LLC
    since 2023
    4 recorded transactions
    2023
    1990
    $1.0M
    1988
    1987
    Zoning & alternative use
    BH · Methuen, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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