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Mixed-Use Building with Renovated Office
For Sale
$550,000

38-40 Market # 1, Amesbury, MA 01913

Downtown property combines leased food-service retail space with a move-in-ready office component and flexible occupancy options.

Property Size4,181 SF
Price / SF$131.55
Days on Market337

Property Features for 38-40 Market # 1

General Information

Standard status Active
Size 4,181 SF
Property subtype Commercial
Zoning CB
Lease Type NNN

Taxes and HOA fees

Annual Taxes $5,536

Building Details

Building Size 4,181 SF
Year Built 1910
Tenancy Multi
Listing Agency: 5 College REALTORS
Listed By: Chris Bernier
Source: Churchillprop
Added: Oct 9, 2025 Changed: Sep 9 Last Checked: Sep 10 at 6:34AM

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 5 College REALTORS

Investment Insights

Based on property information with market context.

This mixed-use property contains 1,500 SF of leased retail/restaurant space and 2,500 SF of vacant office space. The office area has undergone recent renovations, including two bathrooms, kitchens, updated carpet, walls, and ceilings, creating a ready-to-occupy commercial setting. The property was built in 1910 and includes a restaurant lease that is nearing expiration.

Located at 38-40 Market, Unit 1, in downtown Amesbury, the building offers both occupied and available commercial space within the same asset. It is offered for sale or lease, providing flexibility for an owner-user, investor, or business seeking office and retail/restaurant components in one property.

Key Highlights

  • 1,500 SF of leased retail/restaurant space
  • 2,500 SF of vacant office space
  • Recently renovated office area with two bathrooms and kitchens

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Parking Lot & Garage Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

856
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown property combines leased food-service retail space with a move-in-ready office component and flexible occupancy options.
Where is this mixed-use property located?
The property is located at 38-40 Market # 1 Amesbury, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,500 SF of leased retail/restaurant space; 2,500 SF of vacant office space; Recently renovated office area with two bathrooms and kitchens
More about this property
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