Property profile

289 Main St West Newbury, MA 01985

OFF-MARKET
Gas stations
Property ID
US38-1628839
1,429 SF 0.25 ac lot Built 1962
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 0.25-acre commercial lot in West Newbury, Massachusetts, at 289 Main St., zip code 01985. The property features a single-story, 1,429 square foot building constructed in 1962. Currently operating as a service station, this established business offers a stable income stream secured by a five-year lease. The property's prime location near major commuter routes and local amenities ensures high visibility and accessibility. The single-unit building sits on a conveniently sized lot, providing ample space for operations. This turnkey business presents a rare chance to acquire a profitable, established enterprise with a long-term lease in place, offering immediate return on investment and future growth potential. The property is situated in Essex County and boasts a strong local customer base. The asking price for this exceptional opportunity is $799,000. This is a unique chance to own a successful business in a desirable location with a proven track record. The property's existing infrastructure and established clientele provide a solid foundation for continued success and expansion. This is an ideal investment for those seeking a stable income stream and long-term growth potential in a thriving commercial area.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1962
Construction FRAME
Total area 1,429 SF
Lot 0.25 ac (10,890 SF)
Zoning code RC
APN WNEW M:001.U B:0000 L:0040.0
UPID US38-1628839

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
  • Auto Repair Shop

Location

289 Main St West Newbury, MA 01985-1416
West Newbury metro Census 263100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2017
4 recorded transactions
2017
$300,000
2008
$1
1999
Price N/A
1989
Price N/A

Zoning & alternative use

RC · West Newbury, MA

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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