Call For Offers: Well located 2,924 SF stand-alone commercial building available for sale in the heart of Merrimac, MA. This could be a prime candidate for redevelopment, i.e. multi-family housing, condominiums, etc. The site is a short distance from Interstate 495. The current space is evenly divided between the first floor and lower level (1,462 SF each), offering flexibility for a variety of business uses, including retail, office, or restaurant. Key features include a drive-thru window, three restrooms (one ADA-compliant), prominent pylon signage for strong street visibility, and 28 on-site parking spaces on .49 acres. The layout and amenities make this property ideal for businesses seeking a functional, accessible, high-traffic location; or a prime opportunity for redevelopment. All information was obtained from public sources and the owner; prospective buyers are encouraged to perform any due diligence they deem necessary for their intended use and anticipated acquisition.
12 School St, Merrimac, MA, 01860
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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