Listing Agency: Gibson Sotheby's International Realty Show Phone

Listed By: Jon Growitz Show Phone

Source: Exprealty

Added: Sep 17 Changed: Sep 24 Last Checked: Sep 24 at 2:50PM

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Investment Insights

Based on property information with market context.

This 2,077-square-foot retail suite in Newbury has an open, adaptable floor plan and abundant natural light. The space may accommodate retail, professional office, studio, fitness or wellness, showroom, or other service-oriented uses, with the layout available for tenant-specific configuration.

The property is set along the Parker River and includes on-site parking. Its location offers access to Newbury, Newburyport, and surrounding North Shore communities.

Key Highlights

• 2,077 square feet of retail space
• Open layout can be configured for a tenant’s needs
• Abundant natural light

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

581

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Newburyport Bank Shops & Services

1,650 visits/mo 0.3 miles

Demographics for 01951, MA

3,582

Population

1,731

Households

2.1

Avg Household Size

53

Median Age

61%

College-Educated

100%

High-School Grad

14.3 sq mi

ZIP Area

250

Density / Sq Mi

$175,779

Median Household Income

$85,854

Median Earnings

$1,803

Median Rent

$808,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

Bright Flexible Retail Space

291 High Rd Unit 1, Newbury, MA 01951

$4,500/Mo

2,077 sqft

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Industrial Flex Condominium with Office

28-18 Newburyport Tpke, Newbury, MA 01951

$15 SF/Yr

2,929 sqft

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Bright Riverside Retail Space

291 High Rd 1, Newbury, MA 01951

$4,500/Mo

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Frequently Asked Questions

What type of property is this?

Retail space - Natural light and on-site parking complement an adaptable commercial layout beside the Parker River.

Where is this retail space located?

The property is located at 1-291 High Rd Newbury, MA.

What is the lease rate?

The lease rate is $4,500/Mo.

What are key features of this property?

This property features: 2,077 square feet of retail space; Open layout can be configured for a tenant’s needs; Abundant natural light