248 Haverhill StMethuen, MA 01844

Property Details for 248 Haverhill St

Year built

2010

Construction

STEEL FRAME

Lot size

4.11 AC

Property size (Sq ft)

4,011 SF

Zone code

BH

Property type

Turn key restaurants

APN

METH M:00516 B:00153A L:00037F

APU

METHM00516B00153AL00037F

Description

This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Methuen, Massachusetts. Strategically located on Haverhill Street, this property enjoys unparalleled visibility and convenient access, boasting an average daily traffic count of 25,536 vehicles. Its proximity to Interstate 93, with its impressive average daily traffic of 129,323 vehicles, further enhances its commercial potential. The site benefits significantly from its close proximity to a thriving shopping center anchored by a Market Basket supermarket, ensuring a consistent flow of potential customers. This prime location offers strong visibility to a large volume of daily traffic, making it ideal for a wide range of commercial developments. The property's size and location provide ample space for various commercial ventures, capitalizing on the high traffic counts and the established retail presence in the immediate vicinity. The address is 248 Haverhill Street, Methuen, MA 01844, situated in Essex County. This is a rare opportunity to acquire a highly visible and accessible commercial land parcel in a bustling area with significant growth potential. The property is zoned for commercial use (verification of zoning regulations is recommended). This 2-acre lot offers significant development possibilities for businesses seeking high visibility and convenient access to major transportation arteries.

• CAP approach

  CAP return

  Valuation

  6%

  $974,813

  6.5%

  $899,827

  7%

  $835,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,320,675

  Geo Method

  $1,320,675

• Alternative Use

  Use

  Valuation

  Residential

  $759,038

  Hospitality

  $695,275

  Educational

  $578,460

  Medical

  $598,355

  Retail

  $899,827

Location Insight

City

Methuen

County

Essex

State

Massachusetts

Latitude

42.7059

Longitude

-71.2049

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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