2,246 SF Professional Office/Medical Condo Available For Sale

Office for Sale
Catylist Listing ID: 30815151
Property Subtypes: Medical, Office Building
Building Size (RSF): 2,246 SF
Gross Building Area: 47,308 SF
Gross Land Area: 2.50 Acres
Sale Price: $300,000
Unit Price: $133.57 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 2,246 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

METHUEN, MA: 386 Merrimack Street is an extremely well-maintained professional office/medical building offering the opportunity for a wide array of professional user types. Unit 2B, consisting of 2,246 SF, is available in current white box condition, which includes insulated walls with R-19, sheetrock, tape and mud ready for painting, basic electrical, panel and outlets per code and drop boxes on ceiling, HVAC system with ductwork /trunks, ceiling grid , excluding tiles. Two bathrooms located on the 2nd floor. 200+/- parking spaces - first come first served. Serviced by municipal water, sewer and natural gas. Owner would entertain a 5+ year lease option to purchase for well qualified, strong candidates only. Monthly condo fee: $421.00.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: Methuen
Tax ID/APN: 1109-78E-13-2B
Zoning: BH
Property Visibility: Excellent
Airports: Boston Logan International Airport
Site Description: Situated in a convenient location with superior visibility directly on Route 110. Various options for space configurations. Property features include large pylon signage at street level, ample parking spaces, lots of natural light and elevator service. Located just minutes from Routes I-495 and I-93.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 2013
Parking Type: Surface
Total Parking Spaces: 200
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,439 115,774 222,498
Median Age: 40.91 35.52 36.88
Households: 2,949 42,297 82,098


Photograph of Listing Agent

Kristine LaPorte

KW Commercial, NH NECPE Member
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