Mixed-use Investment Opportunity in Merrimac, MA
$1,925,000
22-26 School Street, Merrimac, MA 01860
5,362 sqft
Building Size
1.16 acres
Lot Area
Details:
Description:
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.
Strategically located in Merrimac's Village Center, the property offers excellent access to Route 110 and Interstate 495, providing connectivity to Newburyport, Amesbury, Haverhill, and Southern New Hampshire. The surrounding area features a strong mix of residential neighborhoods, professional offices, and local businesses, supporting long-term commercial and residential demand. Its prime location and Village Center zoning enhance the property's investment appeal and future redevelopment potential.
1.164± acre Village Center-zoned mixed-use investment property.
Two income-producing buildings totaling 5,362± SF.
2,962 SF professional office building (built in 2013), leased to an established dental practice.
3,759 SF two-family residential building with two rental apartments.
Diversified commercial and residential income provides stable cash flow.
Potential upside through rental growth and future redevelopment opportunities.
Minutes from I-495 and Route 110 with convenient access to Newburyport, Amesbury, Haverhill, and Southern New Hampshire.
Ideal for investors, 1031 exchange buyers, family offices, or owner-users seeking supplemental rental income.
Location
Gallery