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    38 Market St Amesbury, MA 01913

    For Sale
    $599,999

    Downtown Amesbury storefront, high potential.

    Property size:
    4,181 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Amesbury, MA property at 38-40 Market Street presents a compelling redevelopment opportunity for both investors and end-users. The 4,181 square foot building, constructed in 1900, sits on a 6,098 square foot lot and is zoned CB. Currently configured as a multi-tenant retail space, it features two units totaling 4,181 square feet, with a 50% occupancy rate. One unit, a 1,500 square foot retail/restaurant space, is currently leased on a NNN basis with one year remaining. The second unit, a 2,500 square foot vacant space, has recently undergone renovations including new bathrooms, kitchens, carpeting, walls, and ceilings, making it move-in ready. The asking price is $599,999, translating to $143.51 per square foot. The property's prime downtown location offers significant upside potential, particularly given the permitted zoning and the possibility of vertical expansion to add residential units. This presents a unique chance to acquire a versatile property suitable for various uses, from continued retail operation to complete redevelopment. The existing lease provides flexibility for immediate income generation or redevelopment plans. This is a rare opportunity to acquire a property in a thriving downtown area with significant growth potential.

    Property Features for 38 Market St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,181 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Amesbury, MA redevelopment opportunity: 4,181 SF building on a 6,098 SF lot, zoned CB.
    • Multi‑tenant retail building with two units totaling 4,181 SF, currently 50% occupied.
    • One 1,500 SF unit leased NNN (1 year remaining); one 2,500 SF unit vacant, recently renovated.
    • Asking price: $599,999 ($143.51/SF).
    • Prime downtown location with potential for vertical expansion and residential conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Joseph Py, ... Family Practice Physician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amesbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9299271
    Latitude
    42.8589281

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Amesbury storefront, high potential.
    Where is this individual retail property located?
    The property is located at 38 Market St Amesbury, MA.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: Amesbury, MA redevelopment opportunity: 4,181 SF building on a 6,098 SF lot, zoned CB.; Multi-tenant retail building with two units totaling 4,181 SF, currently 50% occupied.; One 1,500 SF unit leased NNN (1 year remaining); one 2,500 SF unit vacant, recently renovated.
    Request Owner's contact information
    38 Market St Amesbury, MA 01913
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    Amesbury, MA 01913
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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
    38 Market St Amesbury, MA 01913
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