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5 Pleasant Street - The Red Tavern, Methuen, MA

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5 Pleasant Street - The Red Tavern

Methuen, MA 01844-3194 - Lawrence/Andover Submarket

Property Type:Office Sub Type:- Status:Existing , Renov 2002 Year Built:1850
Stories:3 Typical Floor:8,462 SF Building Size:26,400 SF
For Sale Price:$1,549,900 Price/SF:$58.71
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 2.38/1,000 SF Amenities:Conferencing Facility, On Site Management, Property Manager on Site

This is a historical landmark building located in the center of downtown Methuen. It is very accessible to I-93 and I-495 with two major airports within 35 miles (Logan International and Manchester, NH). Formerly a part of the Searles Estate, this building was originally a dining and entertainment facility used by the wealthy owner to entertain friends. It was then converted to a restaurant and several successful restaurants have been located here since. The new owners have taken out the industrial restaurant equipment and converted it to office space. Basement space is located directly off the parking lot on the lower level. The first floor space is ideal for someone who wants to make a great first impression and it contains many stained glass windows and three fireplaces. High-speed internet access is available in most of the locations. There is a kitchen/cafeteria and a hair salon on-site.

Sale Notes:
Vintage office building in Methuen Square know as the Red Tavern. 85% occupied (multiple tenants) in highly desirable Methuen Center. Turn of the century architecture.

Construction Planning & Management Inc.
Lisa Venditti
(603) 898-8081 x15

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