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    Property profile & analytics
    OFF-MARKET Estimated value $740,000
    Investment properties

    226 Merrimac St, Newburyport, MA 01950-2212

    2,880 SF 0.11 ac lot Built 1850
    Individually Owned 2-yr Hold
    Property ID
    US38-2303306
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $625k
    CAP Approach CAP
    $895k
    Comparable Approach Comparable
    $928k
    Blend (final) Blend
    $740k
    Owner & transaction history
    226 Merrimac Street RT · 2 yrs held
    226 Merrimac Street RT
    since 2023
    Last sale
    $710,000
    7 recorded transactions
    2023
    $710,000
    2023
    $625,000
    2015
    $475,000
    2008
    2007
    $435,000
    2000
    $250,000
    2000
    $250,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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