Tenanted Retail Building with
92 Pleasant St. A Newburyport, MA 01950
92 Pleasant St. A, Newburyport, MA, 01950
$775,000
For Sale
$775,000
Retail building with 1,720 sq ft and a current tenant under a 5-year lease with extensions.
Property Size1,720 SF
Price / SF$450.58
Days on Market23
Property Features for 92 Pleasant St. A
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1921
Listing agency
Keller Williams Realty East Idaho
(978) 270-0365
Listed by
Frank Bertolino · License #RB14029982
(978) 270-0365
Source
Elliman
Added: Jul 1 Updated: Jul 22 at 3:09PM Checked: Jul 22 at 3:09PM
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 Keller Williams Realty East Idaho
Investment Insights
Based on property information with market context.
Located at 92 Pleasant St. A in Newburyport, this retail building offers 1,720 sq. ft. and is currently occupied by a tenant. The tenant is in place on a 5-year lease with extensions, and the lease includes yearly lease rate bumps.
Set in the heart of Historic Newburyport, the property benefits from a downtown setting with high visibility and foot traffic. The immediate area is described as surrounded by thriving local businesses, restaurants, and waterfront amenities. Walkability and bikeability are reflected by a walkScore of 76 (very walkable) and a bikeScore of 56 (bikeable).
Set in the heart of Historic Newburyport, the property benefits from a downtown setting with high visibility and foot traffic. The immediate area is described as surrounded by thriving local businesses, restaurants, and waterfront amenities. Walkability and bikeability are reflected by a walkScore of 76 (very walkable) and a bikeScore of 56 (bikeable).
Key Highlights
- 1,720 sq ft commercial retail building built in 1921
- Current tenant has a 5‑year lease with extensions
- Yearly lease rate bump included in the lease terms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $24.00 |
| − Vacancy | −$908 | −$0.53 |
| EGI | $40.4k | $23.47 |
| − OpEx | −$12.1k | −$7.04 |
| NOI | $28.3k | $16.43 |
1,720 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$403.7K
$353.3K – $471.0K
NOI $28,260 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.0K – $1.19M
NOI $71,276 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Garden Imprint — 11 Norman Ave, Newburyport, MA 01950
FAQs
What type of property is this?
Storefront property - Retail building with 1,720 sq ft and a current tenant under a 5-year lease with extensions.
Where is this storefront property located?
The property is located at 92 Pleasant St. A Newburyport, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1,720 sq ft commercial retail building built in 1921; Current tenant has a 5‑year lease with extensions; Yearly lease rate bump included in the lease terms
