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    134 Northern Blvd Newbury, MA 01951-1423

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    134 Northern Blvd Newbury, MA 01951-1423


    • Retail space
    • 1,788 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Aug 1, 2024
    $525,000
    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.

    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    5.6%
    Retail space
    Location Intelligence

    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 estimation — 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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