86 Newburyport Tpke
Newbury, MA 01951
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 4 acre parcel with Business Light Industry Zoning
- Possible Redevelopment Opportunity with Income
- Subdivision is possible
- 487' Frontage on Busy State Route 1
- Minutes to Rail Station and Vibrant Downtown Newburyport
EXECUTIVE SUMMARY
Commercial Complex consisting of 3 buildings on 4 acres with 487' of frontage on busy state Rt. 1. 100 % Occupancy. Building 1: 11,392 SF- 3 tenants-auto sales in front and rear units and a cabinet maker in the middle unit. Building 2: 5,925 SF with 2 tenants auto sales and towing business with fenced in yard. Building 3:5,040 SF- 2 tenants: landscaper and dog daycare. Income and expense information available upon receipt of signed NDA.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
22,357 SF
Building Class
C
Year Built
1950
Price
$4,295,000
Price Per SF
$192.11
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
4.00 AC
Zoning
BLI Business Lt. Industry
Parking
40 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
128’ on Newburyport Tpke
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | NEWB-000036R-000000-000019 | Improvements Assessment | $655,800 |
| Land Assessment | $513,300 | Total Assessment | $1,169,100 |
