5 Branch StMethuen, MA 01844

Property Details for 5 Branch St

Year built

1986

Construction

STEEL FRAME

Lot size

5.75 AC

Property size (Sq ft)

95,496 SF

Zone code

BH

Property type

Office buildings

APN

METH M:00418 B:00154 L:00030C

APU

METHM00418B00154L00030C

Description

This Class A, 95,000 square foot medical office building in Methuen, Massachusetts, offers exceptional space for lease. Located at 5 Branch Street in Essex County, this property underwent a complete renovation in 2019 and boasts 9-foot ceilings throughout. Multiple tenancy options are available, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 33,000 square feet currently vacant. The building features ample parking, with a ratio of 4 spaces per 1,000 square feet, ensuring convenient access for patients and staff. High-speed elevators are also available for efficient vertical transportation. The building's prime location in Methuen, MA, zip code 01844, provides easy access to major transportation routes and a thriving community. This is an unparalleled opportunity to secure modern, efficient, and well-appointed medical office space in a desirable location. Ideal for a variety of medical practices seeking flexible and spacious accommodations. Contact us today to learn more about leasing options and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $15,788,341

  6.5%

  $14,573,853

  7%

  $13,532,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,477,507

  Geo Method

  $12,477,507

• Alternative Use

  Use

  Valuation

  Residential

  $18,071,578

  Hospitality

  $16,553,469

  Educational

  $13,772,292

  Medical

  $14,245,942

  Retail

  $21,423,564

Location Insight

City

Methuen

County

Essex

State

Massachusetts

Latitude

42.7073

Longitude

-71.2149

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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