11 Elm St

9,160 SF 100% Leased Retail Building Amesbury, MA 01913 $1,750,000 ($191/SF)

Investment Highlights

  • Exceptional Mixed-Use Investment Opportunity.
  • Offers commercial spaces on the first and second floors, complemented by six two-bedroom apartments.

Executive Summary

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.
Market Square features many popular restaurants, retail stores, artisans, professional offices, and craft breweries.
Financials and an investment proforma are available upon signing a Confidential Non-Disclosure Agreement. Buyers are encouraged to perform due diligence. One of the tenants has a Right of First Refusal.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,160 SF
Building Class
B
Year Built
1874
Price
$1,750,000
Price Per SF
$191
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.91
Lot Size
0.11 AC
Zoning
CB
Frontage
28 FT on Elm St

Amenities

  • Signage
Walk Score®
Walker's Paradise (90)

Nearby Major Retailers

Ninety Nine Restaurant & Pub
Stop & Shop
Citizens Bank

PROPERTY TAXES

  • Listing ID: 33039626

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 11 Elm St, Amesbury, MA 01913