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$ 1,925,000
Est. payment /mo
Active
22-26 School St Merrimac, MA 01860
6,721 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,721 sqft
Price per Sqft $286
MLS Listing ID 73551397
HOA Y/N false
Year Built 1855
Annual Tax Amount $14,725
Tax Year 2026
Lot Size 1.160 Acres
Acres 1.16
Property 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.
Location
State MA
County Essex
Zoning VC
Direction I-495 to Broad St to west on E Main (MA 110), left on School St to destination
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts
Roof Type Shingle
Others
Senior Community false
Listed by Keller Williams Realty