92 Merrimack St Haverhill, MA 01830-6217
- Turn key restaurants
- 4,515 SF
- 0.06 lot acres
Current Use by Public Records
- A-1 Deli / Restaurant / Breakfast Restaurant
Property Details for 92 Merrimack St
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.06 lot acres
- Property size
- 4,515 SF
- Zone code
- TY
- Property type
- Turn key restaurants
- APN
- HAVE M:0101 B:00001 L:5
- APU
- HAVEM0101B00001L5
Description
This exceptional Haverhill, MA restaurant presents a unique investment opportunity. The 5,640 square foot property, built in 1900, is situated on a 3,659 square foot lot and features two units across two stories within a single building. Currently operating as a fully equipped restaurant serving breakfast, lunch, and dinner, it boasts a modern dining area, full bar, and a versatile function hall ideal for events. The high-traffic location in a thriving downtown area ensures excellent visibility and consistent customer flow. The property is zoned for commercial use and offers significant income potential through the function hall rental. The asking price is $1,200,000, and seller financing may be available for qualified buyers. This turnkey operation provides immediate income and substantial growth potential in a desirable location. The property's two units and established clientele make it an attractive investment for both seasoned restaurateurs and new entrepreneurs. This is a rare opportunity to acquire a well-established business with significant upside in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,010,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $1,015,000
- 7%
- $965,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,200,000
- Geo Method
- $1,000,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,085,000
- Retail
- $1,255,000
- Mixed-Use
- $1,045,000
- Hospitality
- $1,145,000
- Educational
- $990,000
- Residential Income
- $1,200,000
- Energy
- $1,150,000
- Income-Based Land
- $1,005,000
- Food Service
- $1,095,000
Location Insight
- Map
- Local Demand
- City
- Haverhill
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0788
- Latitude
- 42.7744
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
