Investment opportunity in a well-known Methuen Ma location right off of Rte 93 and Rte 110. 11 units in total 9 out of the 11 currently leased. The two available units are roughly 1500 and 2500 sq ft. Owner occupy the available spots or lease out for additional income. The property is currently about a 5.7% cap rate with a potential to be an 8+ by leasing out the two vacant units.
This home has been viewed 47 times
Last Checked: May 7th, 2024 at 1:37am (Source: MLS PIN #72955705)
General Information for 1111 Riverside Dr, Methuen MA 01844
Listing ID72955705
Property TypeCommercial Sale / Commercial
Price$2,900,000
Style
CityMethuen
CountyEssex
Neighborhood(s)
ZoningBH
Year Built1903
Disclosures for 1111 Riverside Dr, Methuen MA 01844
Lead Paint
UFFI
Living Area Includes Basement
Living Area Disclosure
Building Area Source
Special Listing Conditions
ExclusionsPersonal Belongings
Buyer Agent Compensation2
Facilitator Compensation2
Compensation Based On
Contact Information for 1111 Riverside Dr, Methuen MA 01844
Agent
Name: Henry Matos
Office
Name: Berkshire Hathaway HomeServices Verani Realty Salem