5 Pleasant StreetMethuen, MA 01844MLS Number 72194100

  • Price: $1,549,000
  • 141 Days on Market
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Federal 30-year interest rate: 3.94% last updated on Nov 2, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.42Acreage
  • 20974Square Feet
  • 5Street No
  • 3116Zip Code 4

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We are pleased to present for sale this Investment or Redevelopment opportunity in the heart of the Methuen, MA business district, widely known as the Historic Red Tavern. Over 20,000sf of office and restaurant space in the current building, situated on a .4 acre city lot. The opportunity that exists is for either redevelopment of this parcel, or the current investment use, which features an established tenant roster, with the anchor tenant being Mi Mexico Lindo restaurant. Conveniently located in close proximity to I-93 and I-495. Significant vehicle and pedestrian traffic. This complex has 3 stories and over 40 parking spots. There is a common kitchen. There are 5 common restrooms as well as 3 private full baths. The building is currently over 85% occupied and grosses over $155,000 in annual income. This parcel can be combined the adjacent property at 275 Broadway.

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Windhill Realty
Office: 978.356.8922
16 Market Street
Ipswich, MA 01938

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Basic Information

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Location

  • Street No5
  • Building Number5
  • StreetPleasant Street
  • Zip01844
  • Zip Code 43116
  • StateMA
  • CountyEssex
  • TownMethuen

Property

  • Acreage0.42
  • Parking Spaces40
  • Space AvailableFor Sale
  • Lot Size18305
  • Square Feet20974

Other

Building

  • No Stories3
  • Parking Feature11-20 Spaces
  • Total Units13
  • Reu Units1

Exterior

Methuen, MA Demographics

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Methuen, MA Real Estate Market Data

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Methuen, MA Schools

School NameDistanceTypeGradesTest Score RatingParent Rating
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