Property profile

226 Merrimac St Newburyport, MA 01950

OFF-MARKET
Investment properties
Property ID
US38-2303306
2,880 SF 0.11 ac lot Built 1850
Individually Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional commercial property, located at 226 Merrimac St 1, Newburyport, MA, presents a unique investment opportunity. Previously occupied by the well-established Modern Butcher, this space offers significant potential for a variety of businesses. The 0.11-acre lot provides ample space for outdoor seating or other business needs, depending on the intended use. The property's prime location near Cashman Park is a significant advantage, offering easy access to recreational amenities and increased visibility for your business. The interior layout is adaptable and can be customized to suit the specific requirements of your venture. This is a rare opportunity to acquire a well-situated commercial property in a thriving Newburyport neighborhood. The property's proximity to the park provides a desirable environment for both employees and customers. The building's previous use as a successful butcher shop demonstrates its suitability for a variety of retail or office applications. The asking price is $459,900. Don't miss this chance to establish your business in a vibrant and convenient location. Serious inquiries only. The square footage will need to be verified by the buyer.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1850
Construction FRAME
Total area 2,880 SF
Lot 0.11 ac (4,650 SF)
APN NEWP M:0055 B:0005 L:0000
UPID US38-2303306

Cap rate & NOI

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

Location

226 Merrimac St Newburyport, MA 01950-2212
Newburyport metro Census 268300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
$895k
Comparable Approach Comparable
$928k
Blend (final) Blend
$565k

Owner & transaction history

since 2023
Last sale
$710,000
7 recorded transactions
2023
$710,000
2023
$625,000
2015
$475,000
2008
Price N/A
2007
$435,000
2000
$250,000
2000
$250,000

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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