Tenanted Retail Building with
For Sale
$775,000
92 Pleasant St. A, Newburyport, MA 01950
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 Market114
Property Features for 92 Pleasant St. A
General Information
Standard status
Active
Size
1,720 SF
Building Details
Year Built
1921
Listing Agency:
eXp Realty LLC
Listed By:
The North Shore Realty Group
(978) 710-9388
Source:
Alpernandmesenbourg
Added: Jul 1
Changed: Oct 16
Last Checked: Oct 7 at 2:29PM
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,260
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,200
$565.2K
Cap Rate 7%
$403,714
$403.7K
Cap Rate 9%
$314,000
$314.0K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$41.3K $24.00/SF
− Vacancy
−$908 −$0.53/SF
EGI
$40.4K $23.47/SF
− OpEx
−$12.1K −$7.04/SF
NOI
$28.3K $16.43/SF
Area
Essex County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,200
Cap Rate 7%
$403,714
Cap Rate 9%
$314,000
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01950, MA
18,289
Population
8,298
Households
2.2
Avg Household Size
50
Median Age
66%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,177
Density / Sq Mi
$144,259
Median Household Income
$85,573
Median Earnings
$1,511
Median Rent
$792,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Garden Imprint — 11 Norman Ave, Newburyport, MA 01950
Frequently Asked Questions
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
