23 A Newburyport, MA 01950
This exceptional 680-square-foot office space is ideally situated in the vibrant heart of downtown Newburyport, Massachusetts. Recently renovated, the property boasts attractive exposed brick walls, high-end finishes, and modern amenities designed for optimal functionality and comfort. Elegant hardwood floors and efficient air conditioning create a sophisticated and productive work environment. The space benefits from its central location, offering easy access to Newburyport's bustling commercial district and its many amenities. While the property itself doesn't include on-site parking, ample off-street parking is readily available at a nearby public lot, ensuring convenient access for tenants and clients. Currently fully leased, this investment opportunity provides a secure and stable income stream for the next two years, making it an attractive proposition for discerning investors seeking a strong return on investment in a desirable location. The property's combination of prime location, modern upgrades, and long-term lease guarantees a low-risk, high-reward opportunity within a thriving community. The asking price for this exceptional property is $449,900. This represents a significant opportunity to acquire a valuable asset in a highly sought-after area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.