Renovated Coffee Shop
For Sale
$500,000
30 Railroad Ave, Haverhill, MA 01835
Waterfront-zoned commercial building with updated systems, accessible restrooms, and an existing month-to-month occupant.
Property Size2,000 SF
Price / SF$250
Days on Market47
Property Features for 30 Railroad Ave
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
40
Property subtype
Commercial
Zoning
WD-H
Additional Details
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$6,113
Amenities
Accessible Bathrooms
Half Bath
Waterfront
Building Details
Building Size
2,000 SF
Year Built
1920
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Daniel Diodati
(978) 420-9022
Source:
Churchillprop
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 16 at 6:23AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this former rail station has been renovated into a coffee shop and restaurant property at 30 Railroad Ave in Haverhill. The building provides approximately 1,100 square feet of finished space, with updated electrical and lighting, a roof installed in 2015, and an HVAC system added in 2022. Two accessible bathrooms serve the finished area, while a half bath is located in the basement.
The property sits within Haverhill’s WD-H waterfront zoning district and includes approximately 40 parking spaces. A tenant currently occupies the building under a month-to-month lease; trade fixtures belong to the tenant. The structure previously housed a coin-operated laundry and dry-cleaning business, and the property has no deed restrictions.
The property sits within Haverhill’s WD-H waterfront zoning district and includes approximately 40 parking spaces. A tenant currently occupies the building under a month-to-month lease; trade fixtures belong to the tenant. The structure previously housed a coin-operated laundry and dry-cleaning business, and the property has no deed restrictions.
Key Highlights
- Approximately 1,100 square feet of finished space
- WD‑H waterfront zoning district in Haverhill
- Approximately 40 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,968
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,360
$739.4K
Cap Rate 7%
$528,114
$528.1K
Cap Rate 9%
$410,756
$410.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$50.4K $25.20/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$49.3K $24.65/SF
− OpEx
−$12.3K −$6.16/SF
NOI
$37.0K $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%
$739,360
Cap Rate 7%
$528,114
Cap Rate 9%
$410,756
Alternative Uses
Best Use
Specialty Retail
$528.1K
$462.1K – $616.1K
NOI $36,968 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,458
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
2,088 visits/mo
0.3 miles
Demographics for 01835, MA
14,578
Population
5,702
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
1,869
Density / Sq Mi
$108,275
Median Household Income
$52,837
Median Earnings
$1,747
Median Rent
$431,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Aroma Joe's Coffee — 727 S Main St, Haverhill, MA 01835
- Steampunk Station — 30 Railroad Ave, Haverhill, MA 01835
- A Sweet Affair (Bradford Location) — 125 s main st, bradford, ma 01835
- Kaldi's Cafe — 22 Washington St, Haverhill, MA 01832
- Bagel Express — 46 Washington St, Haverhill, MA 01832
Frequently Asked Questions
What type of property is this?
Coffee shop - Waterfront-zoned commercial building with updated systems, accessible restrooms, and an existing month-to-month occupant.
Where is this coffee shop located?
The property is located at 30 Railroad Ave Haverhill, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1,100 square feet of finished space; WD‑H waterfront zoning district in Haverhill; Approximately 40 parking spaces
