7-17 School St - Flex FOR SALE


Merrimac, MA 01860
$850,000 USD
978-971-1225
7-17 School St, Merrimac, MA for Sale
$850,000 USD
Flex - FOR SALE
1/54
null | Request Cap Rate

7-17 School St
Merrimac, MA 01860


HIGHLIGHTS

  • Mixed use property located in Historic village central

OVERVIEW

Fully rented (All are Tenants at will) with long term commercial and residential tenants. There are 3 residential apartments. Merrimac has long had a strong demand for rentals. Additionally, there are 3 street level commercial spaces. Each unit is separately metered for utilities. This mixed use building in the village of Merrimac is located 1 mile to Hwy 495, with access to points north and south. Parking is on street and in an adjacent lot. Merrimac (Pentucket School District) recently built a new state of the art High School. Zoned VC, the property has the fewest restrictions regarding potential usages. Sq Ft laser measured floor not exact. . Buyer to fully perform their own due diligence re current/future use vs permitted uses.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1856

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14

LAND SF

6,098

ZONING

VC

APN/PARCEL ID

MERR-000007-000001-000005

ASK ABOUT THIS PROPERTY

David LuomaGibson Sotheby's International RealtyMore Info
978-971-1225

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David LuomaGibson Sotheby's International RealtyMore Info
978-971-1225

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