Property profile

322 Merrimack St Methuen, MA 01844

OFF-MARKET
Turn key restaurants
Property ID
US38-1670963
3,712 SF 0.52 ac lot Built 1985
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1985
Construction STEEL FRAME
Total area 3,712 SF
Lot 0.52 ac (22,564 SF)
Zoning code BN
APN METH M:01111 B:00108 L:00379
UPID US38-1670963

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

322 Merrimack St Methuen, MA 01844-6534
Methuen metro Census 252601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$944k
Blend (final) Blend
$1.08M

Owner & transaction history

since 2023
Last sale
$1.1M
5 recorded transactions
2023
$1.1M
2005
Price N/A
2005
$650,000
2005
Price N/A
2004
$450,000

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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