357 Merrimack St Methuen, MA 01844-6531
This exceptional 1.4-acre commercial land parcel, located at 357-361 Merrimack Street in Methuen, Massachusetts, presents a compelling investment opportunity. The property, identified by APN METH-001109-000110-A000059, consists of two adjacent lots ideally situated on Route 110, ensuring high visibility and accessibility. Its Neighborhood Business (BN) zoning allows for a diverse range of commercial uses, making it suitable for various business ventures. The location offers easy access to downtown Methuen and major highways, maximizing convenience for both businesses and customers. High traffic counts on Route 110 guarantee significant exposure for any development on this site. The asking price for this prime commercial land is $925,000. This property's strategic location and flexible zoning make it an attractive prospect for developers and investors seeking a high-impact commercial investment in a thriving Massachusetts market. The substantial lot size provides ample space for a variety of development possibilities, capitalizing on the high traffic volume and excellent visibility afforded by its Route 110 location in Essex County, with a Methuen, MA 01844 zip code. This is a rare opportunity to acquire a well-positioned commercial property with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BN · Methuen, MAMethuen. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.