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    OFF-MARKET
    Gas stations

    289 Main St, West Newbury, MA 01985-1416

    1,429 SF 0.25 ac lot Built 1962
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US38-1628839
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Main Street Auto Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Blue Lagoon 2 LLC · 9 yrs held
    Blue Lagoon 2 LLC
    since 2017
    4 recorded transactions
    2017
    $300,000
    2008
    $1
    1999
    1989
    Zoning & alternative use
    RC · West Newbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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