198 Main St Amesbury, MA 01913
Property Lookup
Property profile & analytics
198 Main St Amesbury, MA 01913
- Retail space
- 8,905 SF
- 0.70 lot acres
Property ID
US38-1356871
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.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
Property Details for 198 Main St
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.70 lot acres
- Property size
- 8,905 SF
- Zone code
- PUD
- Property type
- Retail space
- APN
- AMES M:65 B:0086
- APU
- AMESM65B0086
Description
This exceptional investment opportunity presents a fee-simple ownership of a 8,777 square foot Dollar General store located at 198 Main St, Amesbury, MA 01913. The property, built in 1994 and renovated in 2024, sits on a 0.69-acre lot within the Shops at Patten's Hollow, benefiting from high visibility on a primary corridor. A new 10-year Double Net Lease commenced June 29, 2024, with 9.6 years remaining and four 5-year renewal options. The lease includes attractive 10% rent increases every five years, providing a strong hedge against inflation. The property boasts a 7.50% cap rate and a current NOI of $131,778. Dollar General, a credit-rated tenant with a corporate guarantee, provides minimal landlord responsibilities (landlord responsible for roof and structure
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,755,000
- ML approach
- $1,755,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,440,000
- 6.5%
- $2,250,000
- 7%
- $2,090,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,562,000
Market price range: $1.23M - $2.93M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,980,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,845,000 Change: +44% Conversion: Difficult
- OFFICE BUILDING
- $2,290,000 Change: +16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,135,000 Change: +8% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,775,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Amesbury
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9311
- Latitude
- 42.8516
- 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
$17,404
$309,500
$803,300
$1,112,800
-
$0.00
$0.00
$0.00
