5 Wallace St #5

Methuen, MA 01844 View Map $350,000 Ask a Question
Baths2
Sold On7/28/2023
Year1985
   Methuen, 5 Wallace St #5, MA, commercial property for sale, MLS#:73116632 Photo 1
   Methuen, 5 Wallace St #5, MA, commercial property for sale, MLS#:73116632 Map
ERA Key Realty

ERA Key Realty

(508) 372-6600

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Status: Sold
Property Type:Commercial
MLS #:73116632
Date Sold:7/28/2023
County:Essex
Great investment opportunity for sale. Fresh 3 year NNN lease starting at $19 PSF with 3% annual bumps. 9.34% Cap rate. Priced to sell. Property was renovated in 2021. Hot water heater, HVAC systems were replaced in 2021. Exterior, parking lot and roof professionally managed by the association. Association fee is bi-annually and due in July and December. SF includes finished basement. NNN is $2.65 paid by tenant.

Detailed Maps

Community Information

Address:5 Wallace St #5, Methuen, MA 01844
County:Essex
City:Methuen
Zip Code:01844

Property Features

Utilities: Public Water, Public Sewer, Natural Gas Available
Zoning:RD
Directions:Merrimack St to Wallace St

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $3,321
Contingency: Pending P&S
Net Operating Income: $32,699
Buyer Agency Compensation: 2
Transaction Broker Compensation: 2
Buyer Agent Compensation: 2
Disclosures: Association fee is bi-annually and due in July and December. SF includes finished basement. Estimated NNN is $2.65

Listing Agent/Office

Listing provided courtesy of Zhuoming Sun, Realty One Group Nest.

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Listing Information Last Updated 6/17/2024