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School Street 2 Properties Offered at $1,162,486 CAD in Merrimac, MA
Investment Highlights
- This mixed use building in the village of Merrimac is located 1 mile to Hwy 495, with access to points north and south.
- Broad St exit off Interstate 495.
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 | $1,162,486 CAD | Number of Properties | 2 |
| Price / SF | $143.52 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,100 SF |
| Status | Active | Total Land Area | 0.16 AC |
| Price | $1,162,486 CAD |
| Price / SF | $143.52 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,100 SF |
| Total Land Area | 0.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7 School St, Merrimac, MA 01860 | Flex | 5,200 SF | 1856 | - |
| 13 School St, Merrimac, MA 01860 | Retail | 2,900 SF | 1890 | - |
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