SQUARE FEET6,721
MLS#73551397
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Mixed-use investment opportunity in the heart of Merrimac. This 1.164? acre Village Center-zoned property consists of two separate buildings: a 2,962 SF professional office building, constructed in 2013 and leased to an established dental practice, and a 3,759 SF two-family residence with two income-producing apartments (one 2-bedroom, one 4-bedroom). Diversified income from commercial and residential tenants provides stable cash flow, with upside potential from rental growth. Redevelopment possibilities exist as well. Well located near I-495 and MA 110 with convenient access to Newburyport, Amesbury, Haverhill, and Southern NH. Ideal for investors, 1031 exchange buyers, developers, family offices, or owner-users seeking supplemental rental income. Current financial information available upon execution of a Confidentiality Agreement. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. This parcel also offers frontage on Broad St.
Property Features
Property Type: Commercial - Business
Lot Size: 1.16 Acres
Roof Type: Shingle
Taxes: $14,725
Year Built: 1855
Feature Descriptions
Building Area Total: 6721
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 3
Parcel Number: M:0013 B:0001 L:0016,2032661
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available,110 Volts
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agent Name: Faulkner Commercial Group
Agency Phone: 978-475-2111
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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22-26 School St | MLS# 73551397
This commercial property located at 22-26 School St, Merrimac, MA 01860 is currently listed for sale with an asking price of $1,925,000. Search Merrimac real estate on www.masiellogrouprealestate.com today.