11 Elm St
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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.
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
Land Acres
0.11 AC
Zoning
CB
Frontage
28 FT on Elm St
Amenities
- Signage
Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | AMES-000053-000000-000046 | Improvements Assessment | $541,500 |
| Land Assessment | $219,800 | Total Assessment | $761,300 |
PROPERTY TAXES
Parcel Number
AMES-000053-000000-000046
Land Assessment
$219,800
Improvements Assessment
$541,500
Total Assessment
$761,300
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Janet Faulkner -
KW Commercial - Faulkner Commercial
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11 Elm St
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