Downtown Mixed-Use
14-16-18 Friend Street Amesbury, MA 01913
14-16-18 Friend Street, Amesbury, MA, 01913
$859,000
For Sale
$859,000
Two vacant street-level commercial spaces plus a one-bedroom apartment leased through June 2027.
Property Size2,847 SF
Price / SF$301.72
Days on Market53
Property Features for 14-16-18 Friend Street
General Information
- Standard status
- Active
- Size
- 2,847 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Evolution
Listed by
Matthew Blanchette
(617) 846-8000
Source
Highlandre
Added: May 31 Updated: Jul 21 at 4:06PM Checked: Jul 21 at 4:06PM
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
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
Local Financial Insights For Mixed Use
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 | $102.5k | $36.00 |
| − Vacancy | −$10.2k | −$3.60 |
| EGI | $92.2k | $32.40 |
| − OpEx | −$34.6k | −$12.15 |
| NOI | $57.7k | $20.25 |
2,847 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.13M
$991.9K – $1.32M
NOI $79,354 @ 7.0% cap · market cap 9.24%
Second Best
Mixed Use
$823.6K
$720.7K – $960.9K
NOI $57,652 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,979 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
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 Street Amesbury, MA.
What is the asking price?
The asking price for this property is $859,000.
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
