Two Retail Condos located in the Heart of Amesbury

Retail-Commercial for Sale
Catylist Listing ID: 30848282
Property Subtypes: Free-Standing Building, Street Retail, Other
Condo? Yes
Building Size (RSF): 3,295 SF
Gross Building Area: See Agent
Sale Price: $800,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/12/2024

Overview / Comments

Two retail condominiums are available for sale in the Clock Tower Condominium located in the heart of Amesbury. Situated between Newburyport Bank and Sky Hi restaurant at the bustling intersection of Market Square, Main St, and Friend St, these units benefit from both vehicle and foot traffic. Currently leased (NNN) to the popular Bean & Cone through 2023, with an option for a one-year extension, these units offer large windows with views of Market Square, high ceilings, and a spacious finished lower level. The demising wall between 39 & 41 Main can be removed to create an open space with two storefront windows. The total approximate area is 1,555sf on the first floor and 1,740sf on the finished lower level.

All information has been obtained through the seller and public records, prospective buyers are encouraged to perform due diligence relative to a contemplated acquisition. Additionally, the adjacent space at 37 Main St and the Sky Hi restaurant business is also available for sale.

Attachments & Media

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $1,268 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Tax ID/APN: 53-271-A / 53-271-B
Is Condo?: Yes
Zoning: CB
Property Located Between: Situated at the corner of Main St & Friend St.
Property Visibility: Excellent
Largest Nearby Street: Situated at the corner of Main St & Friend St.
Airports: Boston Logan Airport and Manchester Boston Regional Airport
Site Description: Situated at the corner of Main St & Friend St.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1874
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Surface/offsite parking
Lot Frontage: 98

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,158 31,617 64,126
Median Age: 40.21 42.44 43.8
Households: 4,235 12,763 26,044
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