Retail Condominium with
92 Pleasant Street Unit A Newburyport, MA 01950
92 Pleasant Street Unit A, Newburyport, MA, 01950
$780,000
For Sale
$780,000
Well-maintained 1,720-sf commercial condominium with a solid tenant and lease in place in Newburyport.
Property Size1,720 SF
Price / SF$453.49
Days on Market263
Property Features for 92 Pleasant Street Unit A
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1921
Listing agency
eXp Realty
Listed by
The North Shore Realty Group
(617) 236-0353
Source
Thecharlesrealty
Added: Nov 2, 2025 Updated: Jul 20 at 4:31PM Checked: Jul 21 at 7:22AM
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
Investment Insights
Based on property information with market context.
Offered is a 1,720-square-foot commercial condominium, Unit A, with a solid tenant and a lease already in place. The current business can be sold separately. The space is reported as well maintained and is described as suited for a variety of commercial tenants.
Located at 92 Pleasant Street in Newburyport, MA, the property includes a tenant right of first refusal. The remarks also note strong potential to add a second story for residential use.
The income is shared with proof of funds or a letter from your financial institution confirming the buyer qualifies for a purchase.
Located at 92 Pleasant Street in Newburyport, MA, the property includes a tenant right of first refusal. The remarks also note strong potential to add a second story for residential use.
The income is shared with proof of funds or a letter from your financial institution confirming the buyer qualifies for a purchase.
Key Highlights
- 1,720‑sf commercial condominium with tenant in place under an active lease
- Year built: 1921
- Current tenant has Right of First Refusal
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 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.0K – $1.19M
NOI $71,276 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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Similar Off Market Nearby
- Jan Lorrey Flowers — Delivery and pick up at studio, 150 Merrimac St, Newburyport, MA 01950
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- Dew Collective - Newburyport Flower Studio — 70 State St, Newburyport, MA 01950
FAQs
What type of property is this?
Storefront property - Well-maintained 1,720-sf commercial condominium with a solid tenant and lease in place in Newburyport.
Where is this storefront property located?
The property is located at 92 Pleasant Street Unit A Newburyport, MA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 1,720‑sf commercial condominium with tenant in place under an active lease; Year built: 1921; Current tenant has Right of First Refusal
