11 Elm StAmesbury, MA 01913

Property Details for 11 Elm St

Year built

1874

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

9,160 SF

Zone code

CB

Property type

Investment properties

Property subtype

Live-work space

APN

AMES M:53 B:0046

APU

AMESM53B0046

Description

This exceptional mixed-use property in Amesbury, MA, presents a compelling investment opportunity. Located at 11 Elm St, in the heart of Market Square, this three-story building boasts 9,160 square feet of net rentable space. The property comprises a diverse mix of commercial and residential units, including a ground-floor restaurant and six two-bedroom apartments. Currently, the second floor commercial space is vacant, offering immediate potential for increased revenue. All eight units are currently rented on a month-to-month basis, with existing rents below market value, indicating significant upside for future income growth. The building, constructed in 1874, sits on a 0.11-acre lot and includes two parking spaces. The property is zoned CB and features a convenient location within a vibrant commercial district, surrounded by popular restaurants, retail shops, and breweries. While an Offering Memorandum is in progress, financial details and an investment proforma are available upon execution of a Confidentiality Non-Disclosure Agreement. Prospective buyers are encouraged to conduct thorough due diligence. Note that one tenant holds a Right of First Refusal. The asking price for this unique investment is $1,750,000. Property tours are available by appointment only.

Location Insight

City

Amesbury

County

Essex

State

Massachusetts

Latitude

42.858

Longitude

-70.9295

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].