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1111 Riverside Dr

Methuen, MA 01844
  • $2,900,000
  • STATUS: Price Changed
  • MLS #: 72955705
Price Reduced
UPDATED: 67 min ago
$2,900,000
  • 0
    BEDS
  • 1.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1903
County:

School Ratings & Info

Listing courtesy of Henry Matos of Coco, Early & Associates.

Description

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.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-11-30T17:04:57.74.
www.teamtringali.com/homes/126939864
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1111 Riverside Dr Methuen, MA 01844

  • Price: $2,900,000
  • Status: Price Changed
  • On Site: Days
  • Updated: 67 min ago
  • MLS #: 72955705
0
Beds
0
Baths
0
½ Baths
1.64
Acres
1903
Built
County:
Essex
Property Description
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.
Exterior Features

Parking Total 65 Roof Metal

Property Features

Business Type Commercial Buyer Agency Compensation 2 Disclosures Sq Footage Is Approx And May Not Be Exact Tax Annual Amount 35552.87 Tax Year 2022 Transaction Broker Compensation 2 Zoning Bh

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Henry Matos of Coco, Early & Associates: 603-890-3226.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-11-30T17:04:57.74.
 
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Team Tringali | Keller Williams Metropolitan
50 Nashua Rd, Suite 111
Londonderry NH, 03053
Listing courtesy of Henry Matos of Coco, Early & Associates.