About 22-26 School St
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.
Features of 22-26 School St
| MLS® # | 73551397 |
|---|---|
| Price | $1,925,000 |
| Square Footage | 6,721 |
| Acres | 1.16 |
| Year Built | 1855 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 22-26 School St |
|---|---|
| City | Merrimac |
| County | Essex |
| State | MA |
| Zip Code | 01860-1947 |
Amenities
| Utilities | Public Water, Public Sewer, Natural Gas Available, 110 Volts |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Roof | Shingle |
|---|
Additional Information
| Zoning | VC |
|---|
Listing Details
| Agent | Faulkner Commercial Group |
|---|---|
| Office | Keller Williams Realty |