15 Church St - Storefront Retail/Office FOR SALE


Merrimac, MA 01860
$825,000 USD
978-423-5235
15 Church St, Merrimac, MA for Sale
$825,000 USD
Storefront Retail/Office - FOR SALE
1/37
null | 7.83% Cap Rate

15 Church St
Merrimac, MA 01860


HIGHLIGHTS

  • Central Location in Merrimac Square. Several potential uses in VC Zoning.

OVERVIEW

Ideal Opportunity for the investor or owner occupant! Own a piece of Merrimac's history! This former Hardware Store is a mixed use commercial/ residential building, located in the heart of downtown Merrimac. Just off Hwy 495. Zoned VC, it has the fewest number of restrictions affecting usage. Levels 2 and 3 accommodate 3 residential apartments. 1 One Bdrm and 2 Two Bdrm units. All are tenants at will. There are 2 street level/facing commercial spaces with the possibility that the back section of the former beauty salon "might" be split as an additional 3rd rentable commercial unit. The very large unfinished basement offers a tremendous amount of storage and has ground level access from the rear. There is limited parking available on the side and there might be potential for parking in the rear of the building.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1856

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Village Central

APN/PARCEL ID

MERR-000001-000002-000006-A000000-A00000

ASK ABOUT THIS PROPERTY

Jeff SmithAdvisors Living Real EstateMore Info
978-423-5235

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Jeff SmithAdvisors Living Real EstateMore Info
978-423-5235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.