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Financial
Distress signals
Property profile

689 Prospect St Methuen, MA 01844

OFF-MARKET
Other investment properties
Property ID
US38-0164438
6,560 SF 0.6 ac lot Built 1960
Last sale Oct 2010 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 689 Prospect Street in Methuen, Massachusetts is configured as an operating pizza and sub shop with an existing storefront buildout and an in-place layout intended for continued food service use. The space is designed for a turnkey, ready-to-run operation within the current premises, including the operating concept and established interior configuration for food preparation and service. The sale terms indicate that the real estate was not included, so the offering was focused on the business operations rather than ownership of the underlying property.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2024$861k
Assessed land$302k
Assessed improvement$558k

Value estimate

· Oct 2026
$1.04M
$932k – $1.14M
Submarket $/SF estimate$1.16M

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$183/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$121 – $240
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BH
B. Applicability. An application for a Billboard Special Permit shall be allowed in the BH and IL Zoning districts. C. Applications. Bill...
General categoryCOMMERCIAL
JurisdictionMETHUEN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.3
Realty agency14.2
Hair Salon13.0

Location

689 Prospect St Methuen, MA 01844
County assessor Recorded deeds · 2 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
266 Broadway, Methuen, MA 01844-3049 $600,000 Jul 2023 3,919 SF
13 Haverhill, Methuen, MA 01844-4275 $650,000 Dec 2022 4,066 SF
91 Broadway, Methuen, MA 01844-3816 $1,500,000 Jul 2022 7,416 SF
233 Lawrence, Methuen, MA 01844-3849 $1,000,000 Sep 2021 10,316 SF
468 Merrimack St, Methuen, MA 01844-5880 $380,000 May 2019 4,306 SF
64-66 Broadway, Methuen, MA 01844 $560,000 Nov 2018 7,152 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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