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Property profile & analytics
OFF-MARKET
Commercial real estate

15 Central St Newbury, MA 01922

1,728 SF 3 ac lot Built 1850
Property ID
US38-2355045
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1850
Total area 1,728 SF
Lot 3 ac (130,680 SF)
UPID US38-2355045
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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