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$775,000
Est. payment /mo
1,720 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,720 sqft
Price per Sqft $450
MLS Listing ID 73541791
HOA Y/N false
Year Built 1921
Annual Tax Amount $4,178
Tax Year 2026
Property Description
Prime Downtown Newburyport Investment | Established Tenant | Strong Income PotentialAn outstanding opportunity to own commercial real estate in the heart of historic downtown Newburyport! This approximately 1,720-square-foot commercial condominium offers an attractive investment opportunity in a vibrant coastal community known for its thriving local businesses, restaurants, and waterfront amenities.The well-maintained storefront is currently occupied by an established tenant with a five-year lease, extension options, and annual rent increases, providing an existing income stream and the potential for long-term investment value. The tenant's established business presence adds further appeal for investors seeking a property with an existing lease in place.Ideally situated on Pleasant Street, the property benefits from excellent visibility and convenient access to downtown Newburyport's shops, dining, and popular destinations. Its location in one of the North Shore's most desirable communities makes it an appealing addition to a commercial real estate portfolio.The flexible commercial space may also offer future opportunities for a variety of business uses, subject to lease terms and applicable approvals. Potential for additional development, including a second story, may warrant further exploration and due diligence.Please note: The sale includes the real estate only. The existing business is not included in the purchase price and may be available separately. The tenant has a right of first refusal.Whether you're expanding your investment portfolio or seeking an income-producing commercial property in a sought-after downtown location, 92 Pleasant Street, Unit A, presents an opportunity worth exploring.Established tenancy. Prime location. Long-term potential. Discover the possibilities of owning commercial real estate in historic Newburyport.
Location
State MA
County Essex
Zoning B2
Direction State St., right on Pleasant St.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 220 Volts
Others
Senior Community false
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Listed by eXp Realty LLC
NEARBY SCHOOL & BUSINESS
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Michael Mahoney
Real Estate Agent License ID: 9051300
Real Estate Agent License ID: 9051300