Catylist ID:
#30877105
Exceptional Mixed-Use Investment in Amesbury, MA
Multi-Family
for Sale
| Catylist Listing ID: | 30877105 |
| Property Subtypes: | Mixed Use |
| Number of Units: | 8 Units |
| Building Size (RSF): | 9,160 SF |
| Gross Land Area: | 0.11 Acres |
| Sale Price: | $1,750,000 |
| Unit Price: | $218,750 Per Unit |
| Property Use Type: | Investment, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/16/2024 |
Overview / Comments
|
Exceptional Mixed-Use Investment Opportunity in downtown Amesbury! Seize the chance to acquire a value-add property in the heart of Market Square. This property offers commercial spaces on the first and second floors, complemented by six two-bedroom apartments. Current rents are below market value, presenting significant growth potential. The first floor is currently leased to a restaurant, with the second floor currently vacant. All tenants are on a month-to-month basis. The Offering Memorandum is in progress, and property tours are by appointment only. Please do not inquire within. Initial tours will include one or two of the apartments, with a complete tour available during the due diligence period. Financials and an investment proforma are available upon signing a Confidential Non-Disclosure Agreement. Buyers are encouraged to perform due diligence. Market Square features many popular restaurants, retail stores, artisans, professional offices, and craft breweries. |
Financials
| Finance Data Year | 2024 |
|---|---|
| Real Estate Taxes - Annual($) | $11,907 (Annual) |
Additional Details
| Nearest MSA: | Boston-Cambridge-Newton |
| County: | Essex |
| Tax ID/APN: | 53/0046/00 |
| Zoning: | CB |
| Community Amenities: | Restaurant(s) |
| Property Located Between: | in the heart of Market Square in downtown Amesbury |
| Site Description: | in the heart of Market Square in downtown Amesbury |
| Total Number of Buildings: | 1 |
| Property Condition: | Excellent |
| Number of Stories: | 3 |
| Year Built: | 1874 |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Heat Type: | Natural Gas |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,158 | 28,568 | 64,126 |
| Median Age: | 40.21 | 42.22 | 43.8 |
| Households: | 4,235 | 11,490 | 26,044 |
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