Downtown Mixed-Use
For Sale
$789,000
14-16-18 Friend St, Amesbury, MA 01913
Two vacant street-level commercial spaces plus a one-bedroom apartment leased through June 2027.
Property Size2,847 SF
Price / SF$277.13
Days on Market95
Property Features for 14-16-18 Friend St
General Information
Standard status
Active
Size
2,847 SF
Property subtype
Multi-Family
Zoning
CB
Net Operating Income
$66,062
Taxes and HOA fees
Annual Taxes
$2,037
Building Details
Building Size
2,847 SF
Year Built
1900
Stories
3
Listing Agency:
Keller Williams Realty Evolution
(978) 992-4050
Listed By:
Matthew Blanchette · License #9559775
(978) 697-5135
Source:
Churchillprop
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 20 at 6:05PM
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 Keller Williams Realty Evolution
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Investment Insights
Based on property information with market context.
Located in the heart of downtown Amesbury, this mixed-use property includes two vacant street-level commercial spaces and a spacious one-bedroom apartment. The residential unit is leased through June 2027, providing established income within the building.
The property has benefited from substantial improvements over the years, including updates to major systems and utilities, along with window, siding, and fire safety component upgrades. With street-level frontage and a mix of commercial and residential space under one roof, the building offers flexibility for owners and investors seeking a downtown presence.
The configuration provides two distinct commercial spaces on the ground level while maintaining the separate, leased apartment above.
The property has benefited from substantial improvements over the years, including updates to major systems and utilities, along with window, siding, and fire safety component upgrades. With street-level frontage and a mix of commercial and residential space under one roof, the building offers flexibility for owners and investors seeking a downtown presence.
The configuration provides two distinct commercial spaces on the ground level while maintaining the separate, leased apartment above.
Key Highlights
- Mixed‑use building in downtown Amesbury with two vacant street‑level commercial spaces and a 1‑bedroom apartment
- 1‑bedroom apartment is leased through June 2027
- Building has updates to major systems and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,652
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,040
$1.2M
Cap Rate 7%
$823,600
$823.6K
Cap Rate 9%
$640,578
$640.6K
Market Conditions
NOI Build-Up for 2,847 SF
Gross rent
$102.5K $36.00/SF
− Vacancy
−$10.2K −$3.60/SF
EGI
$92.2K $32.40/SF
− OpEx
−$34.6K −$12.15/SF
NOI
$57.7K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,040
Cap Rate 7%
$823,600
Cap Rate 9%
$640,578
Alternative Uses
Best Use
Mixed Use
$823.6K
$720.7K – $960.9K
NOI $57,652 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$668.2K
$584.7K – $779.6K
NOI $46,777 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,979 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cumberland Farms
Shops & Services
10,188 visits/mo
0.4 miles
Dollar General
Shops & Services
4,283 visits/mo
0.4 miles
Newburyport Bank
Shops & Services
2,159 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two vacant street-level commercial spaces plus a one-bedroom apartment leased through June 2027.
Where is this mixed-use property located?
The property is located at 14-16-18 Friend St Amesbury, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Mixed‑use building in downtown Amesbury with two vacant street‑level commercial spaces and a 1‑bedroom apartment; 1‑bedroom apartment is leased through June 2027; Building has updates to major systems and utilities
