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    289 Main St West Newbury, MA 01985

    Sponsored
    For Sale
    $799,000

    Prime MA Location, $799,000

    Property size:
    1,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a 0.25-acre commercial lot in West Newbury, Massachusetts, at 289 Main St., zip code 01985. The property features a single-story, 1,429 square foot building constructed in 1962. Currently operating as a service station, this established business offers a stable income stream secured by a five-year lease. The property's prime location near major commuter routes and local amenities ensures high visibility and accessibility. The single-unit building sits on a conveniently sized lot, providing ample space for operations. This turnkey business presents a rare chance to acquire a profitable, established enterprise with a long-term lease in place, offering immediate return on investment and future growth potential. The property is situated in Essex County and boasts a strong local customer base. The asking price for this exceptional opportunity is $799,000. This is a unique chance to own a successful business in a desirable location with a proven track record. The property's existing infrastructure and established clientele provide a solid foundation for continued success and expansion. This is an ideal investment for those seeking a stable income stream and long-term growth potential in a thriving commercial area.

    Property Features for 289 Main St

    General Information

    Property type
    Land
    Square Feet
    1,429 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1962
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $799,000 asking price.
    • 1,429 SF special purpose land, Commercial property.
    • Located at 289 Main St, West Newbury, MA 01985.
    • 0.25‑acre lot.
    • One building, one story, built in 1962.
    Property Profile Location Intelligence

    Current Use by Public Records

    Main Street Auto Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Newbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9665682
    Latitude
    42.8001919

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    Nearby Similar for Sale

    • $899,000

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      Adaptable commercial building in downtown West Newbury with parking.
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      West Newbury Commercial Property For Sale

      Commercial property in a desirable North Shore town.
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      View Details

    FAQs

    What type of property is this?
    Land - Prime MA Location, $799,000
    Where is this land located?
    The property is located at 289 Main St West Newbury, MA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price.; 1,429 SF special purpose land, Commercial property.; Located at 289 Main St, West Newbury, MA 01985.
    Request Owner's contact information
    289 Main St West Newbury, MA 01985
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    West Newbury, MA 01985
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    Realmo Value Estimation

    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.

    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.

    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
    289 Main St West Newbury, MA 01985
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