15 Central St Newbury, MA 01922
This exceptional 3-acre mixed-use property in Newbury, Massachusetts, presents a compelling redevelopment opportunity for both investors and owner-occupants. Located at 15 Central St, 01922, this vacant lot boasts a substantial 1,728 square feet and is zoned Commercial Highway (Com Hwy), allowing for a variety of commercial uses either by right or with a special permit. A 2009 survey is available for review. The existing structure, a three-story building constructed in 1850, offers potential for renovation or demolition. The property's classification is C, and its residential subtype allows for the possibility of a two-family dwelling, either by right or special permit. The asking price is $595,000. Given its size and zoning, this property is ideal for developers seeking a mixed-use project. The property's convenient location provides excellent highway access. Note that the seller makes no representations, and prospective buyers are responsible for conducting their own due diligence. The property is currently vacant with an occupancy date of September 19, 2024.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.