45 Storey AveNewburyport, MA 01950

  • Other commercial real estate
  • 118,008 SF
For Lease

Property Details for 45 Storey Ave

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
11.04 AC
Property size (Sq ft)
118,008 SF
Property type
Other commercial real estate
APN
NEWP M:0043 B:0008 L:0000
APU
NEWPM0043B0008L0000

Description

Port Plaza, located at 45 Storey Avenue in Newburyport, Massachusetts, presents a significant retail opportunity in Essex County. This 57,923 square foot strip center offers multiple spaces for lease, with a minimum divisible space of 1,850 square feet and a maximum contiguous space of 50,851 square feet. Currently, the entire 57,923 square feet is available for lease, providing flexibility for a single large tenant or multiple smaller businesses. The property's address is conveniently situated in Newburyport, MA, zip code 01950, offering excellent visibility and accessibility for customers. The property type is retail, specifically a strip center, making it ideal for a variety of businesses seeking high-traffic locations. This presents a unique chance to establish a presence in a thriving market. The property's location in Essex County provides access to a substantial customer base. Interested parties are encouraged to inquire about lease terms and availability for this exceptional retail space. The property is ready for immediate occupancy. This is a rare opportunity to secure a large, well-located retail space in a desirable Massachusetts market. The flexible space options cater to a wide range of business needs and sizes.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,331,730
    Hospitality
    $20,455,744
    Educational
    $17,018,938
    Medical
    $17,604,246
    Retail
    $26,473,904
45 Storey Ave, Newburyport, Massachusetts
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Location Insight

City
Newburyport
County
Essex
State
Massachusetts
Latitude
42.8199
Longitude
-70.9051
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$94,643
$3,564,100
$5,928,700
$9,492,800
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