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    29 Plum Island Tpke Newbury, MA 01951

    • Commercial real estate
    • 2,400 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 29 Plum Island Tpke

    Property size
    2,400 SF
    Property type
    Commercial real estate

    Description

    This exceptional business opportunity presents the chance to acquire the well-established Plum Island Provisions, a thriving establishment located at 29 Plum Island Turnpike in Newbury, Massachusetts (01951). Boasting a prime location on Plum Island, this 2,400 square foot, Class B property has served residents and tourists for over 40 years. The business includes a fully equipped kitchen featuring a hood, pizza oven, fryolator, deli counter, walk-in refrigerator and freezer, dough maker, and a point-of-sale system. Its unique combination of grocery store and full kitchen provides a strong foundation for continued success. The asking price is $150,000, and the current occupancy date is November 1, 2024. The property is zoned AR4, and the landlord is open to negotiating a new lease. Strong sales history provides a solid base for growth, with opportunities to expand offerings and capitalize on the year-round potential of this iconic location. This turnkey operation is ready for a new owner to implement their vision and build upon its existing success. The business is classified as a hospitality-focused owner/user investment. Don't miss this chance to own a piece of Plum Island's rich history and vibrant community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newbury
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8098
    Latitude
    42.7986

    Comparable in this City

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      0.93 Acres

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    • Value Estimation
      $295,000
      1,224 SF

      76 Hanover St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,224 SF
      76 Hanover St, Newbury, MA 01951-1127
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    • Value Estimation
      $780,000
      1.17 Acres

      239 High Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.17 Acres
      239 High Rd, Newbury, MA 01951-2200
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    • Value Estimation by Request
      1.72 Acres

      291 High Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.72 Acres
      291 High Rd, Newbury, MA 01951-2505
      View Details
    • Value Estimation
      $315,000
      1,305 SF

      9 Graham Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,305 SF
      9 Graham Ave, Newbury, MA 01951-1208
      View Details
    • Value Estimation
      $355,000
      6,734 SF

      89 Hanover St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,734 SF
      89 Hanover St, Newbury, MA 01951-1100
      View Details

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    • Contact for pricing
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    29 Plum Island Tpke
    Newbury, MA 01951
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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
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