Building Details

Year built 1900

Listing Agency: Keller Williams Realty Evolution Show Phone

Listed By: Keller Williams Realty Evolution

Added: Jun 23 Changed: Oct 16 Last Checked: Oct 19 at 10:06AM

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MLS# 73540435

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Investment Insights

Based on property information with market context.

This 2,847-square-foot mixed-use building combines two vacant commercial spaces at street level with a one-bedroom apartment. The residential unit is leased through June 2027, while the commercial areas provide flexible space for retail, office, restaurant, wellness, or service uses. The property is zoned CB and dates to 1900.

Located at 14-16-18 Friend St in downtown Amesbury, the building offers a street-facing setting with nearby public parking and established pedestrian activity. Improvements have included work to major systems, utilities, windows, siding, and fire-safety components. The 0.0666-acre property also includes three bathrooms, supporting its mixed commercial and residential configuration.

Key Highlights

• 2,847‑square‑foot mixed‑use building on a 0.0666‑acre lot
• Two vacant street‑level commercial spaces
• One‑bedroom apartment leased through June 2027

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

Is this asking price fair?

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 (±1% cap)

NOI $57,652 @ 7.0% cap · market cap 7.31%

Second Best

Retail

$668.2K

$584.7K – $779.6K (±1% cap)

NOI $46,777 @ 7.0% cap · market cap 5.93%

Theoretical Best

Office A

$1.69M

$1.47M – $1.97M (±1% cap)

NOI $117,979 @ 7.0% cap · market cap 14.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Barber Shop Grocery & Convenience Store Garden Center

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

Yes

Utilities to site

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two street-level commercial spaces accompany 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: 2,847‑square‑foot mixed‑use building on a 0.0666‑acre lot; Two vacant street‑level commercial spaces; One‑bedroom apartment leased through June 2027