Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    194 River St Haverhill, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully occupied riverfront property in opportunity zone with income.

    Type:RETAIL
    Property size:
    4,080 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $294/SF
    Added:
    Sep 22, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 5 at 10:41 pm

    Property Features for 194 River St

    General Information

    Standard status
    Active
    Size
    4,080 SF
    Lot size
    0.43 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Steve Fisichelli

    Listing agent Steve Fisichelli

    Listing office Coldwell Banker Commercial | Haverhill

    Listing date Sep 22, 2025

    Source Moodyscre

    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 Coldwell Banker Commercial | Haverhill

    Overview

    Riverfront Property with Income Potential

    This fully occupied property is located in an Opportunity Zone and features a freestanding brick building suitable for multiple uses. The property is currently leased to two tenants: a car dealer with a 30-car license and a restaurant with a 40-seat license. Situated in a high-visibility location with high traffic count, the property offers convenient highway access and is located on a bus route, close to the train station, and downtown shopping and restaurants. The property includes two garage bays and an office. The front lot line will be adjusted to 147 feet, subject to city approvals. Current tenants have existing leases. The property size is 4080 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CARS 4 U Car Dealership Tacos Lupita Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Whitsons School Nutrition — 191 Merrimack St # 504, Haverhill, MA 01830

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.091
    Latitude
    42.7691

    Nearby Similar for Sale

    • $775,000
      2,232 SF

      Haverhill Multi-Family with River Views

      Charming 3-family with water views, updated units, and strong income.
      143-145 S Elm, Haverhill, MA 01835
      View Details
    • $584,900
      2,485 SF

      Haverhill Multifamily Property For Sale

      Two-family property in Haverhill, Massachusetts, with separate utilities and parking.
      31 Arch Street, Haverhill, MA 01830
      View Details
    • $525,000
      1,620 SF

      Mixed-Use Property in Haverhill, MA

      Mixed-use property with retail/office space and residential unit.
      219 River, Haverhill, MA 01832
      View Details
    • $799,000

      Haverhill Development Opportunity

      Oversized building with large lot in accessible Haverhill location.
      7 William St, Haverhill, MA 01830
      View Details
    • $584,900

      Haverhill Two-Family House

      Two-family house in Haverhill needing work, sold as-is.
      31 Arch St, Haverhill, MA 01830
      View Details
    • $949,000
      4,896 SF

      Grand Multifamily Residence

      Multifamily residence with income potential in a historic setting.
      37-39 Arch St, Haverhill, MA 01832
      View Details
    • Contact for pricing

      Haverhill Retail Strip with Warehouse

      Fully leased retail strip with warehouse in Haverhill, MA.
      741 South Main Street , Haverhill, MA 01835
      View Details
    • $799,900

      Remodeled Two-Unit Home in Haverhill

      Turnkey, remodeled 7-bedroom two-unit home with income potential.
      6 Kimball St, Haverhill, MA 01830
      View Details
    • $1,150,000

      Four-Unit Multifamily Property

      Four-unit property on a large lot near local amenities.
      34-38 South Chestnut St, Haverhill, MA 01835
      View Details
    • $1,700,000

      Haverhill Multifamily Investment Opportunity

      Eight-unit multifamily property near downtown Haverhill and commuter rail.
      85-87 Summer Street, Haverhill, MA 01830
      View Details
    • $699,900
      9,800 SF

      Large Free-Standing Warehouse Building

      Large free-standing building with loading dock in residential area.
      9 7th Ave, Haverhill, MA
      View Details
    • $525,000
      1,620 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring commercial and residential units with income potential.
      219 River Street, Haverhill, MA 01832
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully occupied riverfront property in opportunity zone with income.
    Where is this restaurant located?
    The property is located at 194 River St Haverhill, MA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High income potential from fully occupied property with existing leases.; Prime riverfront location in an Opportunity Zone.; High visibility and high traffic count location.
    (978) 994-6503 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Fisichelli
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!