Haverhill, MA Commercial Real Estate for Sale and Lease
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What to Expect
This vibrant Essex County city is located approximately 32 miles north of Boston and has a population of roughly 60,900 people. Because it's a fairly sizable city, it has a lot to offer in terms of commercial real estate. Offerings include everything from office space to industrial space. Whether you're going to lease or buy, you can get the information that you need by availing yourself of our extensive resources.
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This town of 60,879 is located in Essex County, Massachusetts, approximately 32 miles north of Boston, and comprises a total of 33 square miles of land. Steeped in centuries of American history, the area was incorporated in 1641 and has been continuously inhabited since, offering investors a blend of aesthetically pleasing historic buildings alongside new, sleek developments. The town runs along the banks of the Merrimack River, providing both a geographical point of reference and opportunities for waterfront development. Many former factories in the city’s downtown have been transformed into condominiums and loft apartments during this century.
In terms of other public green spaces and recreation areas, the city has three golf courses, a conservation area that includes a park as well as a castle, museums, a stadium, and numerous docks and boardwalks that make it possible to take a pleasant stroll along the Merrimack River. Numerous restaurants take advantage of river views while serving their patrons. The town is also highly accessible by a variety of different transportation options. Major Interstate 495 has numerous exits directly into the town, while Route 110, Route 97, Route 125, Route 108 and Route 113 dip in and out of the area. Commuter rail service provided by the MBTA connects from the town to Boston’s North Station.
Several commercially zoned plots of land have come up for sale or long-term lease, including the 12.12 acre parcel at 219 Lincoln Avenue, which is located adjacent to Riverside Park and abuts the Merrimack River. Several chain retailers currently occupy a strip of retail on the property, which is only four miles from Interstate 495. The price for this property has not been disclosed. Meanwhile, the 0.44 acre lot at 1 Knipe Road is also commercially zoned, and located right next to a highly trafficked street, with an estimated 23,000 motorists passing by the lot each day. The price to lease this property is $0.26 a square foot per month. Just up the street, the commercially zoned half acre lot at 17 Knipe Road is available for lease at $0.16 a square foot per month.
Promisingly, a 0.24 acre parcel located at 1 Kenoza Avenue has been zoned for commercial redevelopment. The property, which has been listed at $344,900, is located at the intersection of Route 125 and Route 110, and is within easy walking distance of the Bradford and Haverhill Commuter Lines. The commercially zoned 0.75 acre parcel at 1112 Main Street has recently been put up for sale with a listing price of $700,000. Currently, the property is occupied by a single family home on a lush lawn next to a street that has a traffic count of 40,000 vehicles a day. At 42 Plaistow Road, a 0.28 acre commercially zoned parcel has come up for sale at $625,000.
For those investors who wish to dramatically change the town, a 31.29 acre parcel located at Creek Brook Center has become available for commercial development. The suggested development options include a 300,000 square foot, single story structure that could house a mixed-use range of office space, distribution space, and R&D. The parcel, the price for which has not been publicly disclosed, is next to Interstate 495 off Exit 50, and is close to several existing major retailers. In this same vein, the 20.71 acre parcel at 20 Research Drive also has the potential for transformative commercial development. The sale price for this property was listed at $1,850,000, and suggested development options include a 120,000 to 160,000 square foot facility to be used for either office space or as a storage facility.
Office Space Market
The town offers a range of office spaces, from multi-story glass and steel towers to smaller, more boutique spaces suited for individual entrepreneurs. The five-story property at 2 Merrimack Street, which has a total of 58,000 square feet, was built in 2016 and not only offers exceptional views of both the surrounding city and the Merrimack River, but access to the riverfront plaza and boardwalk. The office space in this building, which features customizable suites and a penthouse with floor to ceiling windows, hardwood floors, and vast circular conferencing spaces is available for lease at $1.83 a square foot per month.
For those seeking ample amounts of space in a more lush, forested setting, the 10,000 square foot property at 60 Newark Street may be ideal. With a number of private office entrances, onsite configurable work stations, a kitchen with stainless steel appliances and an exercise room, the office space in this solar-panel bearing structure is perfect for an investor or company that is ready to begin work immediately. Originally built in 1971 and refurbished in 2012, the first floor space also includes two conference rooms and a dedicated reception space. The estimated rent per square foot per month for this property is $0.81.
Back in a more traditionally urban setting, the delightfully refurbished two-story property at 76-80 Merrimack Street, which was originally built in 1910, has a total of 56,430 square feet. The building, which offers easy walking access to city amenities including shops and restaurants, is zoned for both office and retail space. Current tenants include designers, attorneys, and medical professionals. Depending on the particular space desired, the estimated rent per square foot per month ranges between $1.00 to $1.33.
Meanwhile, the 76,710 square foot property at 62 Brown Street is perfectly tailored for those seeking medical office space, not only for its custom designed spaces, but for its proximity to the Holy Family Hospital. Built in 2005, the structure is located only a few blocks away from Riverside Park, and top-floor tenants have stunning views of the Merrimack River. The facility boasts a sleekly modern aesthetic, with a white rectangular exterior interlaid with glazed windows. The estimated rent for this property is $2.13 a square foot per month.
The classic brick building at 191 Merrimack Street was built in 1915, and was recently updated to be officially listed as a “smart building.” With the post office right next door, the building sites tenants directly in the city’s downtown. With 37,015 square feet, the office space for lease in the mahogany and marble interior ranges from small units to executive suites. Depending on the space desired, the estimated rent ranges between $0.86 to $1.24 a square foot per month.
Retail Space Market
From historic buildings from the late 19th century to brand new LEED certified developments, the retail space market in this town offers investors a wide range of options. The property at 107-113 Lafayette Square, which was built in 1900, offers both a residential and a storefront retail experience in a charming setting. With bay windows upstairs that could be easily transformed into an office and a spacious ground floor display space, this property has a sale list price of $569,900.
With 33,620 total square feet, the retail spaces at 310 Main Street offer tenants easy access to Route 125 as well clean, well-lit interiors that can be customized to suit the individual tenant’s needs. Built in 2006, this retail complex has 59,788 residents living within a three mile radius. The rent for this space has not been publicly disclosed. The freshly constructed retail complex at 130 Main Street, which currently has three unoccupied units, has a total square footage of 7,044 and is open to adding customized features depending on the needs and wants of the tenants. Although the amount of rent for these spaces has not been released, it should be comparable to other retail spaces located in the center of downtown.
Those investors who want a more historic storefront will delight in the 2,291 square foot property at 52 Wingate Street, which was initially built in 1900 and has been elegantly maintained. The brick building is home to an enormous floor to ceiling glass display window on the ground floor, and has numerous suites in the floors above. Located within steps of the commuter rail and easy access to Interstate 495, the property has an estimated rent of $0.53 per square foot per month.
For those looking to buy a property, the 14,715 square foot building at 551 River Street offers a storefront retail space that is close to the waterfront and off a heavily trafficked street. The property, which has 250 feet of direct river street frontage, has a sale list price of $949,000. Meanwhile, the charming two story former VFW Post built in 1945 and located at 64 Kenoza Street has been zoned into a retail space, and is currently configured for a restaurant. The 8,848 square foot building, which features 10 foot ceilings, had a listing price of $350,000. Also for sale is the four story brick building at 21-27 Washington Street. Originally built in 1882, this historic structure has been zoned for storefront retail and redevelopment. Located next to the river, the 11,025 square foot property has been listed at $499,000.
The freestanding retail space at 741 South Main Street favors a slightly more modern architectural style, with colorful canopies providing space for business signage. Built in 1950, the property has 9,993 square feet of space and has an estimated rent of $1.57 per square foot per month. Similarly, the 4,000 square foot building at 101 South Main Street offers retail space tenants great access to the river and Route 125. The estimated rent for this property is $1.00 per square foot per month.
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