11 Elm St, Amesbury, MA 01913-2501

This exceptional mixed-use property in Amesbury, MA, presents a compelling investment opportunity. Located at 11 Elm St, in the heart of Market Square, this three-story building boasts 9,160 square feet of net rentable space. The property comprises a diverse mix of commercial and residential units, including a ground-floor restaurant and six two-bedroom apartments. Currently, the second floor commercial space is vacant, offering immediate potential for increased revenue. All eight units are currently rented on a month-to-month basis, with existing rents below market value, indicating significant upside for future income growth. The building, constructed in 1874, sits on a 0.11-acre lot and includes two parking spaces. The property is zoned CB and features a convenient location within a vibrant commercial district, surrounded by popular restaurants, retail shops, and breweries. While an Offering Memorandum is in progress, financial details and an investment proforma are available upon execution of a Confidentiality Non-Disclosure Agreement. Prospective buyers are encouraged to conduct thorough due diligence. Note that one tenant holds a Right of First Refusal. The asking price for this unique investment is $1,750,000. Property tours are available by appointment only.