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 is available upon execution of a Confidentiality Agreement. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. All trade fixtures for the commercial space are the property of the tenant and will not transfer with the sale. 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 |
|---|
Additional Information
| Zoning | VC |
|---|
Listing Details
| Agent | Faulkner Commercial Group |
|---|---|
| Office | Keller Williams Realty |