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Property profile & analytics
OFF-MARKET Estimated value $525,000
Retail space

134 Northern Blvd Newbury, MA 01951-1423

1,788 SF 0.11 ac lot Built 1946
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0460302
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Construction FRAME
Total area 1,788 SF
Lot 0.11 ac (4,901 SF)
Zoning code AR4
APN NEWB M:0U04 B:0000 L:00139
UPID US38-0460302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
$450k
Comparable Approach Comparable
$589k
Blend (final) Blend
$525k
Owner & transaction history
Era Realty LLC · 1 yrs held
Era Realty LLC
since 2024
Last sale
$525,000
4 recorded transactions
2024
$525,000
2018
$390,000
2008
$410,000
2004
$465,000
Zoning & alternative use
AR4 · Newbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $460,000 +15.6%
Auto repair, garage $430,000 +7.7%
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