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Renovated Street-Level Office Unit
For Lease
$4,500/Mo

1 Merrimac St 7, Newburyport, MA 01950

Single-level suite with reception, meeting space, kitchenette, and full bathroom.

Space Size834 SF
Days on Market8

Property Features for 1 Merrimac St 7

General Information

Standard status Active
Size 834 SF
Net Rentable 834 SF
Property subtype Commercial

Space & Availability

Available Space 834 SF
Contiguous Space 834 SF
Floor Ground Floor
Space Use Office
Condition Turnkey
Sublease No
Furnished Yes

Taxes and HOA fees

Annual Taxes $4,533

Amenities

exterior signage rights
kitchenette
full bathroom with shower
utility closet
high-speed internet and cable

Building Details

Year Built 1984
Listing Agency: Compass
Listed By: Sean Bakhtiari · License #9565597
Source: Elliman
Added: Sep 18 Changed: Sep 20 Last Checked: Sep 24 at 12:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This 834 SF office unit occupies a street-level position within a commercial condo built in 1984. The recently renovated interior is arranged on one floor with a reception and work area, separate conference space, built-in cabinetry, kitchenette, and full bathroom with shower. Exposed brick veneer, plank accents, wood-look tile, and a custom conference table add defined finish elements. High-speed internet and cable are wired throughout, and a utility closet provides additional storage.

The property is at 1 Merrimac St 7 in downtown Newburyport, overlooking Market Square and Waterfront Park. Exterior signage rights are included, while rear access connects with the Green Street municipal parking lot and nearby downtown streets. The location records a walk score of 89 and a bike score of 50.

Key Highlights

  • 834 SF street‑level office unit in a commercial condo
  • Single‑level layout with reception area, conference space, kitchenette, and full bathroom with shower
  • Recently renovated interior with exposed brick veneer, plank accents, and wood‑look tile

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Catering Service (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic

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
$9.71 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,763
Businesses Nearby

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

Market

Lease Benchmarks for Newburyport, MA

$30.89 /SF/Yr
Avg Asking Price
$14–$64.75 /SF/Yr
Price Range
8,270 SF
Avg Space Size

This space is priced 110% above the average of $30.89 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Single-level suite with reception, meeting space, kitchenette, and full bathroom.
Where is this office units located?
The property is located at 1 Merrimac St 7 Newburyport, MA.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 834 SF street‑level office unit in a commercial condo; Single‑level layout with reception area, conference space, kitchenette, and full bathroom with shower; Recently renovated interior with exposed brick veneer, plank accents, and wood‑look tile
More about this property
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