3 Graf Rd Newburyport, MA 01950-4604
- Industrial properties
- 2,000 SF
Sep 09, 2021
Current Use by Public Records
- Industrial properties
Property Details for 3 Graf Rd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Property size
- 2,000 SF
- Property type
- Industrial properties
- APN
- NEWP M:0081 B:0006C L:0000
- APU
- NEWPM0081B0006CL0000
Description
This exceptional 3,500-square-foot commercial property, located at 3 Graf Road, Unit 7, Newburyport, MA 01950, offers a unique blend of office and warehouse space ideal for a variety of businesses. Situated in the desirable Commerce Park, this single-tenant space boasts excellent street exposure and signage, ensuring high visibility. The property features a 2,000-square-foot main floor encompassing a reception area, multiple private offices, ample storage, a bathroom, and a kitchenette. A 500-square-foot warehouse area with an overhead door provides additional functionality. A 1,500-square-foot mezzanine level offers versatile flex space, adaptable for storage, additional offices, or other business needs. The property benefits from a recently installed brand-new furnace. Its current use is as an IT/copier service business, demonstrating its suitability for a range of operations. The location offers convenient access to major roadways, including I-95 via Scotland Road or Storey Avenue exits, making commuting and logistics seamless. This property is situated on Henry Graf Jr. Road, a main thoroughfare to the Newburyport Business Park, providing excellent connectivity and visibility within the business community. This is a prime opportunity for a business seeking a well-appointed space combining office and warehouse functionality in a highly accessible and visible location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $445,000
- ML approach
- $460,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $355,000
- 6.5%
- $325,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $547,000
- AI Estimate
- $328,000
Market price range: $382k - $621kMarket price range: $107k - $408k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $460,000 Current use
- AUTO REPAIR, GARAGE
- $480,000 Change: +4% Conversion: Easy
- RETAIL STORES
- $445,000 Change: -3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Newburyport
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8819
- Latitude
- 42.8064
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA