1111 Riverside DriveMethuen, MA 01844MLS Number 72955705

  • Price: $3,300,000
  • 55 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
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1111 Riverside Drive Methuen MA 018441111 Riverside Drive Methuen MA 018441111 Riverside Drive Methuen MA 018441111 Riverside Drive Methuen MA 018441111 Riverside Drive Methuen MA 01844
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  • 1.64Acreage
  • 1903Year Built
  • 65Parking Spaces
  • 65Total Parking Spaces

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

More Info

Parking

  • Parking Spaces65
  • Parking Feature1-10 Spaces
  • Total Parking Spaces65

Building

  • Year Built1903
  • Reu Units1
  • No Buildings1
  • No Stories1
  • Entry OnlyNo
  • Assessed Value Bldg805600

Photos

  • Photo Date2022-03-22T10:18:00
  • Number of Photos5

Basic Information

  • MLS Number72955705
  • Prop TypeCI
  • Status Date2022-03-22T10:18:00
  • Date Listed03/22/2022
  • List Price$3,300,000
  • LeaseNo
  • DirectionUse GPS
  • MLS StatusActive

Exterior

  • Roof MaterialMetal

Location

  • StreetRiverside Drive
  • TownMethuen
  • StateMA
  • Zip01844
  • CountyEssex
  • LocationUrban, Shopping Mall, Free Standing, Highway Access

Property

  • Acreage1.64
  • Space AvailableFor Sale
  • SubletNo
  • Lot Size71478
  • Assessed Value Land582100
  • Main LoG61700

Other

  • Modification Date2022-04-06T14:18:00
  • Certificate Number32705
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresSq footage is approx and may not be exact
  • Book10408
  • Listing AgreementExclusive Right to Sell
  • Ref Bldg Sf15000
  • ExchangeNo
  • Firm Rmk1Please do not disturb current tenants.
  • Page51
  • View Count1

Methuen, MA Demographics

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Methuen, MA Real Estate Market Data

There is no data available

Methuen, MA Schools

School NameDistanceTypeGrades

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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