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Mixed-Use Building with Renovated Office
For Sale
$550,000

38-40 Market Unit 1, Amesbury, MA 01913

Downtown property combines leased food-service retail space with a move-in-ready office component and flexible occupancy options.

Property Size4,000 SF
Price / SF$131.55
Days on Market614

Property Features for 38-40 Market Unit 1

General Information

Standard status Active
Size 4,000 SF
Property subtype Commercial
Lease Term []

Building Details

Year Built 1910
Building Size 4,000 SF
Tenancy Multi
Listing Agency:
Listed By: Steven Cavanaugh
Source: Kwevolution
Added: Dec 25, 2024 Changed: Aug 31 Last Checked: Aug 31 at 3:23AM

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 Steven Cavanaugh

Investment Insights

Based on property information with market context.

This mixed-use property contains 1,500 SF of leased retail/restaurant space and 2,500 SF of vacant office space. The office area has undergone recent renovations, including two bathrooms, kitchens, updated carpet, walls, and ceilings, creating a ready-to-occupy commercial setting. The property was built in 1910 and includes a restaurant lease that is nearing expiration.

Located at 38-40 Market, Unit 1, in downtown Amesbury, the building offers both occupied and available commercial space within the same asset. It is offered for sale or lease, providing flexibility for an owner-user, investor, or business seeking office and retail/restaurant components in one property.

Key Highlights

  • 1,500 SF of leased retail/restaurant space
  • 2,500 SF of vacant office space
  • Recently renovated office area with two bathrooms and kitchens

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Parking Lot & Garage Food Market

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

Demographics for 01913, MA

17,366
Population
7,827
Households
2.2
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
12.3 sq mi
ZIP Area
1,412
Density / Sq Mi
$100,599
Median Household Income
$60,627
Median Earnings
$1,573
Median Rent
$475,400
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown property combines leased food-service retail space with a move-in-ready office component and flexible occupancy options.
Where is this mixed-use property located?
The property is located at 38-40 Market Unit 1 Amesbury, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,500 SF of leased retail/restaurant space; 2,500 SF of vacant office space; Recently renovated office area with two bathrooms and kitchens
More about this property
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