Second-Floor Office
For Sale
$675,000
Pending
1 Harris, Newburyport, MA 01950
Commercial Sale, Newburyport, MA
Property Size2,201 SF
Lot Size0.50 Acres
Days on Market71
Property Features for 1 Harris
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Office
Zoning description
Legal Conforming
Directions
Corner of Harris and State St.
Standard status
Pending
APN
4914110
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5942
Amenities
conference room
kitchen/bar
private bathrooms
skylight
Building Details
Year built
1950
Listing Agency:
Keller Williams Realty Evolution
(978) 992-4050
Listed By:
Keller Williams Realty Evolution
Added: Aug 10
Changed: Oct 16
Last Checked: Oct 19 at 6:06AM
MLS# 73561358
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,201 SF office condominium occupies the second floor at 1 Harris St, Unit 5, within the One Harris St Professional Office Building. The suite combines exposed brick with modern interior finishes and receives natural light through a central overhead skylight. Its layout includes a dedicated conference room, kitchen/bar area, and two private bathrooms.
The property is positioned in downtown Newburyport, with the waterfront, restaurants, and retail within walking distance. The building dates to 1950, while the suite incorporates contemporary updates. Office zoning supports its current professional-office configuration.
The property is positioned in downtown Newburyport, with the waterfront, restaurants, and retail within walking distance. The building dates to 1950, while the suite incorporates contemporary updates. Office zoning supports its current professional-office configuration.
Key Highlights
- 2,201 SF second‑floor office condominium at 1 Harris St, Unit 5
- Exposed brick and central overhead skylight provide distinctive character and natural light
- Dedicated conference room, kitchen/bar area, and two private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,348
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,960
$1.2M
Cap Rate 7%
$876,400
$876.4K
Cap Rate 9%
$681,644
$681.6K
Market Conditions
NOI Build-Up for 2,201 SF
Gross rent
$100.4K $45.60/SF
− Vacancy
−$18.6K −$8.44/SF
EGI
$81.8K $37.16/SF
− OpEx
−$20.4K −$9.29/SF
NOI
$61.3K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,226,960
Cap Rate 7%
$876,400
Cap Rate 9%
$681,644
Alternative Uses
Best Use
Office B
$876.4K
$766.9K – $1.02M
NOI $61,348 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,209 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office zoning supports a professional suite with a conference room, kitchen/bar, and two private bathrooms.
Where is this office units located?
The property is located at 1 Harris Newburyport, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,201 SF second‑floor office condominium at 1 Harris St, Unit 5; Exposed brick and central overhead skylight provide distinctive character and natural light; Dedicated conference room, kitchen/bar area, and two private bathrooms
