399 Main StHaverhill, MA 01835

Property Details for 399 Main St

Year built

1860

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

2,785 SF

Zone code

TY

Property type

Retail space

APN

HAVE M:0717 B:00680 L:9

APU

HAVEM0717B00680L9

Description

This exceptional 0.19-acre commercial property located at 399 South Main Street in Haverhill, MA, presents a unique investment opportunity. Situated on a corner lot in a sought-after Commercial Neighborhood (CN) zone, this former paint building offers numerous potential uses, as detailed in the attached permitted uses table. The building itself requires complete rehabilitation or demolition, providing a blank canvas for a discerning buyer's vision. Despite needing significant work, the property boasts several key advantages. Its location on busy South Main Street ensures high visibility and traffic, making it ideal for a variety of commercial ventures. Furthermore, recent updates include an upgraded electrical system and a new boiler installed just three years ago, representing a cost saving for the next owner. The seller is offering the property "as is," and all prospective buyers are responsible for conducting their own due diligence to determine the feasibility of their intended use. This is a truly exceptional opportunity to acquire a strategically located commercial property with significant upside potential in a thriving area. The high traffic count and prime location make this a rare find. Don't miss out on the chance to transform this property into a successful commercial enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $676,852

  6.5%

  $624,787

  7%

  $580,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $916,998

  Geo Method

  $916,998

• Alternative Use

  Use

  Valuation

  Residential

  $527,031

  Hospitality

  $482,758

  Educational

  $401,649

  Medical

  $415,462

  Retail

  $624,787

Location Insight

City

Haverhill

County

Essex

State

Massachusetts

Latitude

42.765

Longitude

-71.0836

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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