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    OFF-MARKET
    Commercial real estate

    43 Grove St, Merrimac, MA 01860

    3.65 ac lot
    Property ID
    US38-1356550
    Property summary
    AI-generated overview

    Investors and collectors, take note! This exceptional 3.65-acre property in Merrimac, Massachusetts, presents a unique investment opportunity. Located at 43 Grove Street in Essex County (zip code 01860), this property features a substantial concrete basement exceeding 6,000 square feet, accessible at ground level. This expansive basement offers significant potential for storage, ideal for collectors or businesses requiring ample inventory space. Above the basement lies 6,500 square feet of single-level office/warehouse space, providing further versatility. This area could be adapted for additional storage or even residential use, contingent upon obtaining necessary approvals and permits. The property sits on a corner lot within an established residential neighborhood, currently zoned for single-family homes. The sale is AS-IS/WHERE-IS, and prospective buyers are responsible for conducting their own due diligence. This is a rare opportunity to acquire a large parcel of land with existing structures, offering considerable flexibility for a variety of uses. The asking price for this unique property is $569,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.65 ac (158,994 SF)
    UPID US38-1356550
    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
    • Destiny Publishers (Bike/Boat/Book/etc) Store Religious Bookstore
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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