West Newbury Commercial Property For
For Sale
$350,000
Pending
277 Main St, West Newbury, MA 01985
Commercial property in a desirable North Shore town.
Property Size1,378 SF
Days on Market370
Property Features for 277 Main St
General Information
Standard status
Pending
Size
1,378 SF
Property subtype
Commercial
Building Details
Year Built
1943
Listing Agency:
Lamacchia Realty, Inc.
(978) 463-4322
Listed By:
Sandra Berkenbush · License #452000151
Source:
Corcoran
Added: Jul 28, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:05AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
Located in West Newbury, the commercial property at 277 Main Street presents a versatile opportunity in a tightly held community. The building includes two separate office or retail spaces, each equipped with its own bathroom. The property is suitable for small businesses, professional services, or creative ventures. It features parking space for six cars, good visibility, and convenient access to local traffic. The property offers the opportunity to build equity in your business's future.
Key Highlights
- Rare commercial property opportunity in West Newbury.
- Two separate office/retail spaces, each with a private bathroom.
- Excellent visibility and easy access to local traffic.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $24.00 |
| − Vacancy | −$728 | −$0.53 |
| EGI | $32.3k | $23.47 |
| − OpEx | −$9.7k | −$7.04 |
| NOI | $22.6k | $16.43 |
1,378 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$548.7K
$480.1K – $640.2K
NOI $38,409 @ 7.0% cap · market cap 10.97%
Second Best
Retail
$323.4K
$283.0K – $377.4K
NOI $22,641 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$815.8K
$713.8K – $951.7K
NOI $57,104 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 01985, MA
4,500
Population
1,799
Households
2.5
Avg Household Size
48
Median Age
67%
College-Educated
98%
High-School Grad
13.4 sq mi
ZIP Area
336
Density / Sq Mi
$189,048
Median Household Income
$78,669
Median Earnings
$1,809
Median Rent
$765,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property in a desirable North Shore town.
Where is this retail space located?
The property is located at 277 Main St West Newbury, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare commercial property opportunity in West Newbury.; Two separate office/retail spaces, each with a private bathroom.; Excellent visibility and easy access to local traffic.
