Methuen, MA Commercial Real Estate for Sale and Lease
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What to Expect
This bustling Essex County city of approximately 47,000 is roughly 30 miles north-northwest of Boston. Within its borders, you'll find a wide variety of commercial properties, including office space, industrial space and retail space for lease and for sale.
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With 22.2 square miles of land populated by 49,917 people, this town in Essex County, Massachusetts has a promising urban density that makes it a great investment for developers. Located 30 miles from Boston, the area has a blend of cultural activities, historic sites, and the beauty of nature, making it attractive to all kinds of visitors.
Publicly accessible green space can be found at Tenney State Park, Forest Lake, the Bird Sanctuary, on Pine Island, and along the Merrimack River. The Hickory Hill Golf Course is located on the edge of downtown near the Merrimack River. Several major routes run through town, including Interstate 93, Interstate 495, Route 28, Route 97, Route 110, Route 113, and Route 213. There is no MBTA Commuter Rail line station within city limits, although there is a station in neighboring Lawrence. Other public transit options include the bus service provided by the Merrimack Valley Regional Transit Authority, which runs throughout the city.
Commercially zoned parcels of land in this town usually offer the opportunity for ground-up development. The lot at 20 Ayers Village Road distinguishes itself by having two existing buildings on its 18.40 acres; a 3,500 square foot retail building, a 100,000 square foot green house, and a single family home. The parcel is composed of two different lots that have joined together to form a larger area. Located off Route 97 and 5.5 miles from the nearest MBTA Commuter Rail line stop, this property has a sale list price of $2,750,000.
The 6.99 acres at 1 Lindberg Avenue are easily accessed by Interstate 93, and offer an excellent commercial development opportunity. Previously an industrial property, the parcel is now being sold with hopes that it will be transformed into a commercial project. Water, electricity, and gas services, as well as sewer, have already been installed on the lot. The sale list price for this property is $873,750.
Those looking to lease commercial land in town will enjoy the listing at 159 Pelham Street, which is located off Route 93 and currently features a hotel and conference center. At 1.00 acre in size, this property offers an excellent testing ground for new projects in the area. The estimated rent for this lot has not been publicly released.
Office Space Market
From dense downtown blocks to freestanding buildings further into the countryside, the office space market in this area is varied. The property at 160 Merrimack Street is located only a few blocks from the river and Interstate 495, making it both scenic and centrally located. The two story structure was built in 1917, and was extensively built-out in 2006 to create facilities for medical and professional offices. The first floor has eleven examination rooms, a reception area, a kitchenette, and two bathrooms. The second floor features eight treatment rooms, a spa, a waiting area, an office, and two large open spaces that can be configured into a fitness class space or office. There is also a basement on the premise. Located 2.8 miles from the nearest MBTA Commuter Rail line stop, the sale list price for this 10,821 square foot property is $999,000.
The property at 184 Pleasant Valley Street exudes sophistication and elegance, from the grand circular driveway to the interior courtyard and wrap-around staircase. Built in 1987, the structure has a total of 28,721 square feet with suites that feature private perimeter offices and carpeted floors. Many of the windows feature an arched top that not only lets in additional natural light, but is aesthetically pleasing. The estimated rent for this property has not been disclosed.
The row-like structure at 380 Merrimack Street is surrounded by a parking lot and natural woodlands close to the banks of the Merrimack River. This three story property was built in 2014 and features a bright tan and white clapboard exterior with four distinctive gables and sheltered entryways. Suited for medical offices, the 33,945 square foot structure features a reception area, drop ceilings, dedicated shower facilities, and air conditioning. Recently, a suite of 5,100 square feet was put up for lease. The estimated rent for this property is $1.58 per square foot per month.
Meanwhile, the office park at 13 Branch Street has a largely glass facade supported by stone beams that looks out on a large parking lot. Trees and landscaping line the perimeter of the building, which is located off Interstate 93 close to downtown. Built in 1986, the 91,224 square foot structure features a central lobby with elegant wood ceilings and trees in planters forming a welcoming line for visitors. The building offers suites of varying sizes for different needs. The estimated rent for this property has not been released.
The property at 100 Milk Street is a 45,000 square foot office complex right off Route 113. Built in 1985, the building has tiled hallways, wood-lined banisters for the staircase, and proximity to major retailers. The brick building also has custom built office suites depending on tenant needs, and offers suite sizes ranging from 2,000 square feet to 15,000 square feet on its three floors. The estimated rent for this structure has not been disclosed.
Retail Space Market
From freestanding retail complexes to beautiful clapboard structures located in the center of downtown, the market for general retail offers almost every configuration imaginable. The property at 219-221 Broadway has an inviting ground floor, with large storefront display windows and a sheltered entryway. The three story structure was built in 1900 and retains many of its period details, including ample bay windows on the second floor and a finished basement. With a brick base and chimney, the construction has held up over time. Located off Route 28 near the heart of downtown, this 4,852 square foot building is 2.7 miles from the nearest MBTA Commuter Rail line stop, and has spaces of typically 1,000 square feet for lease. The estimated rent for this property is $1.30 per square foot per month.
Meanwhile, the low-slung property at 602 Lowell Street is located right next to the Merrimack River and Route 110. This single tenancy one-story space offers 2,400 square feet, and features two large open spaces with two smaller rooms and a bathroom. The spaces can be configured to suit almost any tenant need, and is therefore capable of hosting a variety of retail businesses. Built in 1982, the structure has been beautifully maintained, and has an estimated rent of $1.25 per square foot per month.
The retail complex at 90 Pleasant Valley Street has a whopping 262,939 square feet of total available leasable space. Built in 2000, this centrally located complex is located off Route 213 and features a “village” style layout, encouraging shoppers to walk around the premises and enjoy a day within the confines of the complex. Onsite parking makes it easy to reach, and visibility from the freeway attracts a high number of daily visitors. Suite sizes here vary from 3,912 square feet to 8,656 square feet and beyond. The estimated rent for this space has not been made available.
The single family home located at 331 Merrimack Street is open for use as a retail facility. Located in downtown, the 1,504 square foot structure has two stories on a 0.40 acre lot with a large garage on the premises. This property offers a unique opportunity for an investor who wishes to own prime real estate that will be instantly profitable. The sale list price for this property is $399,900.
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Commercial Property List