134 Northern Blvd Newbury, MA 01951-1423
- Retail space
- 1,788 SF
- 0.11 lot acres
Aug 01, 2024
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
-
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
- AI Estimate
- $347,000
Market price range: $247k - $589kMarket 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
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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