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Property profile & analytics

134 Northern Blvd Newbury, MA 01951-1423

  • Retail space
  • 1,788 SF
  • 0.11 lot acres
OFF-MARKET
Last Sale
Aug 01, 2024
$525,000
Value Estimations
$525,000
Show details
Cap Rate Potential
5.6%
Retail space
Location Intelligence
Property ID
US38-0460302
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 134 Northern Blvd

Year built
1946
Construction
FRAME
Lot size
0.11 lot acres
Property size
1,788 SF
Zone code
AR4
Property type
Retail space
APN
NEWB M:0U04 B:0000 L:00139
APU
NEWBM0U04B0000L00139

Description

This exceptional 1,788 square foot retail space, located at 134 Northern Boulevard in Newbury, Massachusetts, presents a unique investment opportunity. Situated on Plum Island, this single-tenant property is ideally suited for a variety of uses, including a market, restaurant, or a custom build-out to suit a specific business need. The property's prime location offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong returns. The address is 134 Northern Boulevard, Newbury, MA 01951. The building's size provides ample space for a variety of retail or food service concepts. The single-tenant occupancy offers flexibility and control for the owner or operator. This property is a blank canvas for a discerning entrepreneur seeking a high-traffic location on Plum Island. The existing structure provides a solid foundation for immediate occupancy or a complete renovation to create a truly unique space. The property's location in Newbury, Massachusetts, offers access to a thriving community and a strong tourist base, particularly during the warmer months. This presents a compelling opportunity for a business seeking a high-visibility location with significant growth potential. The property is ready for immediate occupancy, allowing for a swift start to operations. Serious inquiries are encouraged to explore this exceptional retail opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $525,000
    ML approach
    $525,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $490,000
    6.5%
    $450,000
    7%
    $420,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $589,000
    Market price range: $247k - $589k
    AI Estimate
    $347,000
    Market price range: $107k - $347k
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $400,000
    Current use
    OFFICE BUILDING
    $460,000
    Change: +16% Conversion: Easy
    AUTO REPAIR, GARAGE
    $430,000
    Change: +8% Conversion: Difficult
    COMMERCIAL (GENERAL)
    $355,000
    Change: -10% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Newbury
County
Essex
State
Massachusetts
Longitude
-70.8106
Latitude
42.8087
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
$3,836
$390,400
$109,100
$499,500
-
$0.00
$0.00
$0.00
More about this property
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