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120 Amesbury St

1,997 SF Retail Building Methuen, MA 01840 $3,400,000 ($1,703/SF)

Investment Highlights

  • Located, downtown near local amenities
  • Immediate income flow
  • Corner lot

Executive Summary

Seize a unique investment opportunity with this prime property located in the heart of the city. Spanning nearly 1 acre, this site features a versatile 2,000 sq ft building, offering significant and steady cash flow or pursuing future development. Its strategic location next to the newly constructed police station ensures high visibility, enhanced security, and increased foot traffic, making it an attractive choice for investors and developers alike.The property’s central positioning offers easy access to major city amenities and infrastructure, amplifying its appeal for various uses, whether for immediate rental income or redevelopment into a more extensive project. With the ongoing growth and revitalization in the area, this site is poised for significant appreciation and long-term value. Don’t miss out on this exceptional opportunity to secure a prime urban asset with endless potential in a burgeoning location. Act now to capitalize on this high-potential investment.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,997 SF
Building Class
C
Year Built
1950
Price
$3,400,000
Price Per SF
$1,703
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.89 AC
Zoning
B3 - MDL
Parking
25 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
107 FT on Amesbury St
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Eastern Bank
Rent-A-Center
Chase
Ymca
TD Bank
Market Basket
Digital Federal Credit Union
Body & Brain

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LAWR-000126-000000-000016
Land Assessment
$267,100
Improvements Assessment
$243,400
Total Assessment
$510,500
  • Listing ID: 33203458

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 120 Amesbury St, Methuen, MA 01840

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