Property profile

2 Macy St Amesbury, MA 01913

FOR SALE
Turn key restaurants
Property ID
US38-0886518
612 SF 0.31 ac lot Built 1920
Entity Owned 2-yr Hold Free & Clear
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For Sale
Contact for pricing 612 SF
2 Macy St, Amesbury, MA 01913
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Property summary

AI-generated overview

This exceptional retail property, located at 2 Macy Street in Amesbury, Massachusetts, presents a unique investment opportunity. Situated on a sizable 1.8-acre lot, this single-tenant building offers significant potential for a variety of commercial uses. The property's address is 2 Macy Street, conveniently located in Essex County, with easy access to Main Street. The property type is classified as Street Retail, ideal for businesses seeking high visibility and foot traffic. While the exact square footage of the building is currently unavailable, the expansive lot size provides ample room for expansion or outdoor amenities. This property is offered for lease and represents a rare chance to establish a thriving business in a desirable Amesbury location. The property's zip code is 01913. Its geographic coordinates are latitude 42.8476522 and longitude -70.9295904. This is a single-tenant property, offering a streamlined and efficient business environment. The property is categorized as commercial real estate. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property is located in Amesbury, MA.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Construction FRAME
Total area 612 SF
Lot 0.31 ac (13,521 SF)
Zoning code C
APN AMES M:77 B:0089
UPID US38-0886518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Restaurant

Location

2 Macy St Amesbury, MA 01913
Amesbury metro Census 266300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k

Owner & transaction history

since 2023
Last sale
$590,000
4 recorded transactions
2023
$670,000
2021
Price N/A
2021
$590,000
2010
Price N/A

Zoning & alternative use

C · Amesbury, MA
Zoning description

The purpose of this district is to provide commercial uses.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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