Built-Out Commercial Kitchen
For Sale
$699,900
194 Main St # D Unit C D E, Amesbury, MA 01913
Three contiguous units retain commercial kitchen infrastructure, fixtures, and improvements within a mixed-use commercial property.
Property Size3,422 SF
Price / SF$204.53
Days on Market8
Property Features for 194 Main St # D Unit C D E
General Information
Standard status
Active
Size
3,422 SF
Property subtype
COMMERCIAL
Site & Location
Traffic Count
8,830 vehicles/day
Highway Access
Yes
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$9,413
Building Details
Building Size
3,422 SF
Year Built
1966
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
Source:
Kevinfruh
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 20 at 9:07AM
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
Investment Insights
Based on property information with market context.
Units C, D, and E comprise approximately 3,422 square feet of contiguous commercial condominium space within a mixed-use property. The layout has most recently served as a restaurant and food production facility, with existing commercial kitchen equipment, fixtures, and other improvements included; personal property is excluded. The configuration may support restaurant, bakery, commissary kitchen, office, retail, or other uses subject to zoning, condominium documents, licensing, and municipal approvals.
The property fronts Main Street in Amesbury and records an Average Annual Daily Traffic count of approximately 8,830 vehicles. On-site parking, access to downtown Amesbury, and regional connections via I-95 and I-495 add practical convenience for commercial operations. The condominium was built in 1966, and the monthly condominium fee covers common area maintenance, exterior building maintenance, landscaping, snow removal, master insurance, and other common expenses.
The property fronts Main Street in Amesbury and records an Average Annual Daily Traffic count of approximately 8,830 vehicles. On-site parking, access to downtown Amesbury, and regional connections via I-95 and I-495 add practical convenience for commercial operations. The condominium was built in 1966, and the monthly condominium fee covers common area maintenance, exterior building maintenance, landscaping, snow removal, master insurance, and other common expenses.
Key Highlights
- Three contiguous commercial condominium units totaling approximately 3,422 square feet
- Existing commercial kitchen equipment, fixtures, and improvements included; personal property excluded
- Most recently operated as a restaurant and food production facility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,060
$1.3M
Cap Rate 7%
$903,614
$903.6K
Cap Rate 9%
$702,811
$702.8K
Market Conditions
NOI Build-Up for 3,422 SF
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.
Gross rent
$86.2K $25.20/SF
− Vacancy
−$1.9K −$0.55/SF
EGI
$84.3K $24.65/SF
− OpEx
−$21.1K −$6.16/SF
NOI
$63.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,060
Cap Rate 7%
$903,614
Cap Rate 9%
$702,811
Alternative Uses
Best Use
Specialty Retail
$903.6K
$790.7K – $1.05M
NOI $63,253 @ 7.0% cap · market cap 9.04%
Second Best
Industrial
$520.0K
$455.0K – $606.7K
NOI $36,400 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,807 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8,830 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Three contiguous units retain commercial kitchen infrastructure, fixtures, and improvements within a mixed-use commercial property.
Where is this commercial kitchen located?
The property is located at 194 Main St # D Unit C D E Amesbury, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three contiguous commercial condominium units totaling approximately 3,422 square feet; Existing commercial kitchen equipment, fixtures, and improvements included; personal property excluded; Most recently operated as a restaurant and food production facility
