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Commercial Real Estate For Sale
5 Pleasant St
Methuen, Massachusetts 01844
We are pleased to present for sale this Investment or Redevelopment opportunity in the heart of the Methuen, MA business district, widely known as the Historic Red Tavern. Over 20,000sf of office and restaurant space in the current building, situated on a .4 acre city lot. The opportunity that exists is for either redevelopment of this parcel, or the current investment use, which features an established tenant roster, with the anchor tenant being Mi Mexico Lindo restaurant. Conveniently located in close proximity to I-93 and I-495. Significant vehicle and pedestrian traffic. This complex has 3 stories and over 40 parking spots. There is a common kitchen. There are 5 common restrooms as well as 3 private full baths. The building is currently over 85% occupied and grosses over $155,000 in annual income. This parcel can be combined the adjacent property at 275 Broadway.
$1,549,000.00
MLS#:72194100
Listing Office:Keller Williams Realty
Listing Agent:Faulkner & Associates
Office Phone:(978) 475-2111
Address: 5 Pleasant St
City:Methuen
State:Massachusetts
ZIP Code:01844
Property Type:Commercial/Industrial
Lot Size:18305.00
Property Size:20974.00
Year Built:1900
Parking Spaces:40
Parking Feature:11-20 Spaces
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