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176 Pelham St
Methuen, MA 01844
Retail Property For Sale
Investment Highlights
- Prime Development Flexibility
- High-Visibility Location
- Strong Surrounding Demographics
Executive Summary
FOR SALE | 174–176 Pelham Street | Methuen, MA | Asking Price: $2,150,000
Exceptional development opportunity located on highly visible Pelham Street in Methuen, Massachusetts. This offering presents a rare chance for developers and investors to capitalize on a versatile site with multiple potential configurations and strong commercial appeal.
The property currently features an existing building with ample on-site parking, providing immediate usability or income potential. In addition, conceptual plans highlight several redevelopment options, including the possibility of two pad sites, a gas station layout, or a reimagined site plan incorporating two pad sites with a drive-thru component—ideal for quick-service retail or restaurant users.
Strategically positioned in a well-trafficked corridor, the site benefits from strong visibility, easy accessibility, and proximity to surrounding residential neighborhoods and retail amenities. This flexibility makes it well-suited for a variety of end users, including retail, automotive, or food service operators.
Whether you are looking to reposition the existing asset or pursue a ground-up development, 174–175 Pelham Street offers a compelling investment opportunity in a growing market.
For additional information, please reach out.
Exceptional development opportunity located on highly visible Pelham Street in Methuen, Massachusetts. This offering presents a rare chance for developers and investors to capitalize on a versatile site with multiple potential configurations and strong commercial appeal.
The property currently features an existing building with ample on-site parking, providing immediate usability or income potential. In addition, conceptual plans highlight several redevelopment options, including the possibility of two pad sites, a gas station layout, or a reimagined site plan incorporating two pad sites with a drive-thru component—ideal for quick-service retail or restaurant users.
Strategically positioned in a well-trafficked corridor, the site benefits from strong visibility, easy accessibility, and proximity to surrounding residential neighborhoods and retail amenities. This flexibility makes it well-suited for a variety of end users, including retail, automotive, or food service operators.
Whether you are looking to reposition the existing asset or pursue a ground-up development, 174–175 Pelham Street offers a compelling investment opportunity in a growing market.
For additional information, please reach out.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,580 SF
Building Class
C
Year Built
1960
Price
$2,945,500 CAD
Price Per SF
$643.12 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
6.02 AC
Zoning
BH, Methuen
Parking
38 Spaces (8.3 Spaces per 1,000 SF Leased)
Frontage
501’ on Pelham
Property Taxes
| Parcel Number | METH-000512-000131-000005B | Improvements Assessment | $488,951 CAD |
| Land Assessment | $883,831 CAD | Total Assessment | $1,372,783 CAD |
Property Taxes
Parcel Number
METH-000512-000131-000005B
Land Assessment
$883,831 CAD
Improvements Assessment
$488,951 CAD
Total Assessment
$1,372,783 CAD
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