$1,925,000

About this home

Mixed-use investment opportunity in the heart of Merrimac. This 1.164± acre Village Center-zoned property consists of two separate buildings: a 2,962 SF professional office building, constructed in 2013 and leased to an established dental practice, and a 3,759 SF two-family residence with two income-producing apartments (one 2-bedroom, one 4-bedroom). Diversified income from commercial and residential tenants provides stable cash flow, with upside potential from rental growth. Redevelopment possibilities exist as well. Well located near I-495 and MA 110 with convenient access to Newburyport, Amesbury, Haverhill, and Southern NH. Ideal for investors, 1031 exchange buyers, developers, family offices, or owner-users seeking supplemental rental income. Current financial information available upon execution of a Confidentiality Agreement. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. This parcel also offers frontage on Broad St.

Property details

MLS #

73551397

Property type

Home

Year built

1855

Interior

6,721 ft2

Status

Active

Listed by

Boston Realty

Listed 4 days ago

Facts & features

Location