Leased Storefront
For Sale
$775,000
92 Pleasant St. # A, Newburyport, MA 01950
Occupied storefront with a five-year lease, extension options, and annual lease-rate increases.
Property Size1,720 SF
Price / SF$450.58
Days on Market103
Property Features for 92 Pleasant St. # A
General Information
Standard status
Active
Size
1,720 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$4,178
Building Details
Building Size
1,720 SF
Year Built
1921
Listing Agency:
eXp Realty LLC
Listed By:
The North Shore Realty Group · License #8214994
(843) 865-2618
Source:
Donnellyandco
Added: Jun 25
Changed: Sep 26
Last Checked: Oct 4 at 3:31PM
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
Investment Insights
Based on property information with market context.
This 1,720-square-foot storefront property at 92 Pleasant St. # A was built in 1921 and is currently occupied under a five-year lease with extensions. The lease includes annual increases to the lease rate, providing a defined contractual structure for the existing tenancy.
The property is situated in downtown Newburyport, within a commercial setting that includes local businesses, restaurants, and waterfront amenities. Its location is also described as having high visibility and pedestrian activity, placing the storefront within an active coastal community environment.
The property is situated in downtown Newburyport, within a commercial setting that includes local businesses, restaurants, and waterfront amenities. Its location is also described as having high visibility and pedestrian activity, placing the storefront within an active coastal community environment.
Key Highlights
- 1,720‑square‑foot storefront property at 92 Pleasant St. # A
- Built in 1921
- Current tenant has a 5‑year lease with extensions
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,902
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Hotels & Casinos 17%
Home Improvements & Furnishings 9%
Newburyport Bank
Shops & Services
3,646 visits/mo
0.2 miles
TD Bank
Shops & Services
3,099 visits/mo
0.2 miles
Essex Street Inn
Hotels & Casinos
1,538 visits/mo
0.2 miles
Johnson Paint, a Ring's End Brand
Home Improvements & Furnishings
858 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Occupied storefront with a five-year lease, extension options, and annual lease-rate increases.
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‑square‑foot storefront property at 92 Pleasant St. # A; Built in 1921; Current tenant has a 5‑year lease with extensions
