Riverfront Flex Building with
For Sale
Contact for pricing
35 Water St. Unit 1, Amesbury, MA 01913
Handicap-accessible flex space with loading dock and freight elevator delivering to all levels.
Property Size15,000 SF
Price / SF$0.00
Days on Market182
Property Features for 35 Water St. Unit 1
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Commercial
Lease Term
Existing Lease Type: NNN
Building Details
Building Size
15,000 SF
Year Built
1986
Listing Agency:
Charlesgate Realty Group LLC
(978) 664-3000
Listed By:
John E. Magazzu · License #91287
(978) 815-6098
Source:
Iverty
Added: May 1
Changed: Oct 29
Last Checked: Oct 28 at 7:06AM
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 Charlesgate Realty Group LLC
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Investment Insights
Based on property information with market context.
This handicap-accessible mill building offers flexible commercial space that the landlord can subdivide to match a tenant’s needs. The property includes a loading dock and interior delivery supported by a freight elevator that serves all levels, creating practical access for industrial, office, or retail uses.
The building is located on the river in Amesbury, Massachusetts. The listing agent notes that appointments are required to view the space.
Tenancy options include industrial, office, or retail configurations, with the current offering described as flexible spaces that can be sized to demand.
The building is located on the river in Amesbury, Massachusetts. The listing agent notes that appointments are required to view the space.
Tenancy options include industrial, office, or retail configurations, with the current offering described as flexible spaces that can be sized to demand.
Key Highlights
- 1986‑built handicap‑accessible mill building with flexible space options
- Landlord will subdivide the building into whatever size tenant needs
- Loading dock plus interior delivery with a freight elevator to all levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,554
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,191,080
$3.2M
Cap Rate 7%
$2,279,343
$2.3M
Cap Rate 9%
$1,772,822
$1.8M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$241.2K $16.08/SF
− Vacancy
−$13.3K −$0.88/SF
EGI
$227.9K $15.20/SF
− OpEx
−$68.4K −$4.56/SF
NOI
$159.6K $10.64/SF
Area
Essex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,191,080
Cap Rate 7%
$2,279,343
Cap Rate 9%
$1,772,822
Alternative Uses
Best Use
Flex RnD
$3.74M
$3.27M – $4.36M
NOI $261,706 @ 7.0% cap · market cap 1,453,922.22%
Second Best
Industrial
$2.28M
$1.99M – $2.66M
NOI $159,554 @ 7.0% cap · market cap 886,411.11%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,596 @ 7.0% cap · market cap 3,453,311.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,047
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Essential Chefs Catering — 14 Cedar St, Amesbury, MA 01913
- Moods for Food — 14 Cedar St #105, Amesbury, MA 01913
Frequently Asked Questions
What type of property is this?
Flex space - Handicap-accessible flex space with loading dock and freight elevator delivering to all levels.
Where is this flex space located?
The property is located at 35 Water St. Unit 1 Amesbury, MA.
What are key features of this property?
This property features: 1986‑built handicap‑accessible mill building with flexible space options; Landlord will subdivide the building into whatever size tenant needs; Loading dock plus interior delivery with a freight elevator to all levels
