741 South Main Street is a fully leased multi-tenant retail asset located in the heart of Haverhill, MA. The plaza features six diverse units, including two restaurants, a martial arts studio, a barbershop, and a jewelry shop—offering a strong, service-based tenant mix. The rear of the building includes a small warehouse unit with a drive-in door, currently leased to a construction company, and is ideal for a variety of industrial or trade users.
50% of the building has 5+/- year leases and the other 50% has tenants at will with under market rents, providing the perfect mix of guaranteed rent with strategic opportunities to increase the income over time. The property features a durable concrete structure with a rubber roof, connected to town water and sewer. All units are separately metered, with tenants paying utilities directly. There is also additional income potential from the usable 10,000 SF vacant basement, which features 10’ ceilings and is well-suited for storage uses. Just minutes from I-495, the property benefits from flexible zoning, allowing for a range of retail, industrial, and future redevelopment possibilities.