Technical
Financial
Distress signals
Property profile

58 Macy St E E Ste Amesbury, MA 01913

OFF-MARKET
Office Spaces
Property ID
US38-0992391
2,138 SF Built 1985
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 17,724 square foot shopping center in Amesbury, MA, presents a compelling investment opportunity. Located on a 4.31-acre lot at 58 Macy Street, this single-story, 1985-built property boasts ten units and is situated on busy Route 110, offering unparalleled visibility and convenient access to I-495 and I-95. The property benefits from strong, established service-oriented tenants with long-term leases, ensuring stable rental income. The permitted commercial zoning allows for a diverse range of uses, including retail, office, restaurant, barber shop, private daycare/kindergarten, and veterinary hospital, providing flexibility for future growth and tenant diversification. Its location just over a mile from downtown Amesbury, a vibrant area known for its restaurants, boutiques, and breweries, further enhances its appeal. The asking price is $1,750,000. This prime location on a growing commercial corridor makes this a truly exceptional investment opportunity. The property's strategic location and flexible zoning provide significant upside potential for long-term growth and return. This is a rare opportunity to acquire a well-established, multi-tenant property with a proven track record of success.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1985
Construction FRAME
Total area 2,138 SF
Zoning code C
APN AMES M:78 B:0001.E
UPID US38-0992391

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
  • Building Supply Electrical Service
  • Gym & Fitness Center
  • (Bike/Boat/Book/etc) Store
  • Security Service
  • Church

Location

58 Macy St E E Ste Amesbury, MA 01913-3749
Amesbury metro Census 266300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

C · Amesbury, MA
Zoning description

The purpose of this district is to provide commercial uses.

General category COMMERCIAL

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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