Restaurant Condo with Full
New
For Sale
$995,000
140 High, Newburyport, MA 01950
Commercial Sale, Newburyport, MA
Property Size4,239 SF
Lot Size0.15 Acres
Price / SF$234.73
Days on Market3
Property Features for 140 High
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Zoning description
Legal Conforming
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Directions
High Street to corner of Greene Street
Standard status
Active
APN
4651699
Size
4,239 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7055
Building Details
Year built
1900
Listing Agency:
RE/MAX Partners · RE/MAX International
Listed By:
Thomas Carroll
(978) 475-2100
Added: Oct 19
Last Checked: Oct 21 at 11:06AM
MLS# 73592359
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This restaurant condominium provides 3,091 square feet of updated first-floor space, plus 1,148 square feet of unfinished basement storage. The space is furnished with tables, chairs, and bar stools, and includes a full kitchen with seating for 66. The property was built in 1900 and is zoned R3.
Two assigned parking spaces are located behind the building, with street parking also available. The property is close to downtown and directly across the street from the Essex County Courthouse.
Two assigned parking spaces are located behind the building, with street parking also available. The property is close to downtown and directly across the street from the Essex County Courthouse.
Key Highlights
- 3,091 square feet of updated first‑floor commercial space
- 1,148 square feet of unfinished basement storage
- Furnished with tables, chairs, and bar stools; full kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,355
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,100
$1.6M
Cap Rate 7%
$1,119,357
$1.1M
Cap Rate 9%
$870,611
$870.6K
Market Conditions
NOI Build-Up for 4,239 SF
Gross rent
$106.8K $25.20/SF
− Vacancy
−$2.4K −$0.55/SF
EGI
$104.5K $24.65/SF
− OpEx
−$26.1K −$6.16/SF
NOI
$78.4K $18.48/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,100
Cap Rate 7%
$1,119,357
Cap Rate 9%
$870,611
Alternative Uses
Best Use
Specialty Retail
$1.12M
$979.4K – $1.31M
NOI $78,355 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,663 @ 7.0% cap · market cap 17.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Hotels & Casinos 17%
Newburyport Bank
Shops & Services
3,646 visits/mo
0.1 miles
TD Bank
Shops & Services
3,099 visits/mo
0.2 miles
Essex Street Inn
Hotels & Casinos
1,538 visits/mo
0.2 miles
Safelite AutoGlass
Shops & Services
700 visits/mo
0.5 miles
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Furnished restaurant space includes a full kitchen and seating for 66.
Where is this conventional restaurant located?
The property is located at 140 High Newburyport, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,091 square feet of updated first‑floor commercial space; 1,148 square feet of unfinished basement storage; Furnished with tables, chairs, and bar stools; full kitchen included
