Bright Flexible Retail
291 High Rd #1, Newbury, MA 01951
For Sale
Contact for pricing
Open commercial suite with natural light, on-site parking, and a riverside setting near Newburyport.
Property Size2,077 SF
Price / SF$0.01
Days on Market54
Property Features for 291 High Rd #1
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Gibson Sotheby's International Realty
(978) 255-3569
Listed By:
Jon Growitz
(781) 864-3704
Source:
Lockandkeyre
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 6 at 10:09AM
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 Gibson Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,077-square-foot retail space at 291 High Rd, Unit 1, provides an adaptable commercial layout with abundant natural light. The property was built in 1948 and offers a flexible interior suitable for retail, professional office, creative studio, fitness or wellness, showroom, and service-oriented business uses.
On-site parking supports employees, customers, and clients. The property is positioned along the Parker River in Newbury, with access to Newburyport and nearby North Shore communities. Its combination of an open interior, river setting, and practical parking creates a distinctive setting for a range of commercial operations.
On-site parking supports employees, customers, and clients. The property is positioned along the Parker River in Newbury, with access to Newburyport and nearby North Shore communities. Its combination of an open interior, river setting, and practical parking creates a distinctive setting for a range of commercial operations.
Key Highlights
- 2,077 SF of flexible commercial space
- Open layout with abundant natural light
- On‑site parking for employees, clients, and customers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,126
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,520
$682.5K
Cap Rate 7%
$487,514
$487.5K
Cap Rate 9%
$379,178
$379.2K
Market Conditions
NOI Build-Up for 2,077 SF
Gross rent
$49.8K $24.00/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$48.8K $23.47/SF
− OpEx
−$14.6K −$7.04/SF
NOI
$34.1K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,520
Cap Rate 7%
$487,514
Cap Rate 9%
$379,178
Alternative Uses
Best Use
Retail
$487.5K
$426.6K – $568.8K
NOI $34,126 @ 7.0% cap · market cap 136,504.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,070 @ 7.0% cap · market cap 344,280.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 01951, MA
3,582
Population
1,731
Households
2.1
Avg Household Size
53
Median Age
61%
College-Educated
100%
High-School Grad
14.3 sq mi
ZIP Area
250
Density / Sq Mi
$175,779
Median Household Income
$85,854
Median Earnings
$1,803
Median Rent
$808,400
Median Home Value
Market
Average Price Trend$/SF for Retail space in Essex County, MA
Properties on Market for Retail space in Essex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Open commercial suite with natural light, on-site parking, and a riverside setting near Newburyport.
Where is this retail space located?
The property is located at 291 High Rd #1 Newbury, MA.
What are key features of this property?
This property features: 2,077 SF of flexible commercial space; Open layout with abundant natural light; On‑site parking for employees, clients, and customers
