Downtown Mixed-Use Retail
14 Friend Street Amesbury, MA 01913
14 Friend Street, Amesbury, MA, 01913
$859,000
For Sale
$859,000
Mixed-use building with two vacant street-level commercial spaces and a leased one-bedroom apartment through June 2027.
Property Size2,847 SF
Price / SF$301.72
Days on Market50
Property Features for 14 Friend Street
General Information
- Standard status
- Active
- Size
- 2,847 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Evolution
(978) 992-4050
Listed by
Matthew Blanchette · License #9559775
(978) 992-4050
Source
Compass
Added: Jun 2 Updated: Jul 21 at 3:31PM Checked: Jul 21 at 3:31PM
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.
This mixed-use property includes two vacant street-level commercial spaces and a spacious one-bedroom apartment. The apartment is leased through June 2027. The building has undergone substantial improvements over the years, including updates to major systems, utilities, windows, siding, and fire safety components.
Located in the heart of downtown Amesbury, the property benefits from downtown visibility and nearby public parking.
The street-level spaces offer a flexible setup suitable for a variety of retail and service-oriented uses, while the residential unit provides an additional source of income under the existing lease.
Located in the heart of downtown Amesbury, the property benefits from downtown visibility and nearby public parking.
The street-level spaces offer a flexible setup suitable for a variety of retail and service-oriented uses, while the residential unit provides an additional source of income under the existing lease.
Key Highlights
- Mixed‑use building in downtown Amesbury with two vacant street‑level commercial spaces
- One‑bedroom apartment is leased through June 2027
- Substantial updates over the years, including major systems, utilities, windows, siding, and fire safety components
Local Financial Insights For Multifamily LT 5
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 | $71.7k | $25.20 |
| − Vacancy | −$3.2k | −$1.13 |
| EGI | $68.5k | $24.07 |
| − OpEx | −$20.6k | −$7.22 |
| NOI | $48.0k | $16.85 |
2,847 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$685.2K
$599.5K – $799.4K
NOI $47,961 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$668.2K
$584.7K – $779.6K
NOI $46,777 @ 7.0% cap · market cap 5.45%
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
Similar For Sale Nearby
Similar Off Market Nearby
- Greenery Designs — 8 Market St, Amesbury, MA 01913
FAQs
What type of property is this?
Storefront property - Mixed-use building with two vacant street-level commercial spaces and a leased one-bedroom apartment through June 2027.
Where is this storefront property located?
The property is located at 14 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; One‑bedroom apartment is leased through June 2027; Substantial updates over the years, including major systems, utilities, windows, siding, and fire safety components
