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.
Property Details
Price:
$2,900,000
MLS #:
72955705
Status:
Active
Beds:
0
Baths:
0.00
Address:
1111 Riverside Drive
Type:
Commercial
City:
Methuen
Listed Date:
Mar 22, 2022
State:
MA
ZIP:
01844
Lot Size:
71,478 sqft / 1.64 acres (approx)
Year Built:
1903
Schools
Interior
Exterior
Roof
Metal
Financial
Buyer Agent Compensation
2%
Tax Year
2022
Taxes
$35,553
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Courtesy of Coco, Early & Associates. 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.
1111 Riverside Drive
Methuen, MA