58 Macy StAmesbury, MA 01913

Property Details for 58 Macy St

Year built

1985

Construction

FRAME

Property size (Sq ft)

2,138 SF

Zone code

C

Property type

Office properties

Property subtype

Other office properties

APN

AMES M:78 B:0001.E

APU

AMESM78B0001E

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $353,475

  6.5%

  $326,285

  7%

  $302,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,351

  Geo Method

  $279,351

• Alternative Use

  Use

  Valuation

  Residential

  $404,593

  Hospitality

  $370,605

  Educational

  $308,339

  Medical

  $318,943

  Retail

  $479,639

Location Insight

City

Amesbury

County

Essex

State

Massachusetts

Latitude

42.8469

Longitude

-70.9228

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 support@paperhouses.co 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 support@paperhouses.co.