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7-17 School St 5,459 SF 100% Leased Flex Building Merrimac, MA 01860 $1,162,146 CAD ($212.89 CAD/SF)
Executive Summary
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.
1st right of refusal to purchase-exercised as no. Right of way easement expires May 2027. 2 Hot water tanks leased. Sq Ft are approx. Buyer to fully perform their own due diligence re current/future use vs permitted uses.
1st right of refusal to purchase-exercised as no. Right of way easement expires May 2027. 2 Hot water tanks leased. Sq Ft are approx. Buyer to fully perform their own due diligence re current/future use vs permitted uses.
Property Facts
| Price | $1,162,146 CAD | Lot Size | 0.14 AC |
| Price Per SF | $212.89 CAD | Rentable Building Area | 5,459 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Flex | Year Built | 1856 |
| Building Class | C | ||
| Zoning | VC - Other | ||
| Price | $1,162,146 CAD |
| Price Per SF | $212.89 CAD |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.14 AC |
| Rentable Building Area | 5,459 SF |
| No. Stories | 2 |
| Year Built | 1856 |
| Zoning | VC - Other |
Amenities
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | MERR-000007-000001-000005 | Improvements Assessment | $291,032 CAD |
| Land Assessment | $254,926 CAD | Total Assessment | $545,958 CAD |
Property Taxes
Parcel Number
MERR-000007-000001-000005
Land Assessment
$254,926 CAD
Improvements Assessment
$291,032 CAD
Total Assessment
$545,958 CAD
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7-17 School St
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