226 Merrimac StNewburyport, MA 01950

Property Details for 226 Merrimac St

Year built

1850

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

2,880 SF

Property type

Investment properties

Property subtype

Live-work space

APN

NEWP M:0055 B:0005 L:0000

APU

NEWPM0055B0005L0000

Description

This exceptional commercial property, located at 226 Merrimac St 1, Newburyport, MA, presents a unique investment opportunity. Previously occupied by the well-established Modern Butcher, this space offers significant potential for a variety of businesses. The 0.11-acre lot provides ample space for outdoor seating or other business needs, depending on the intended use. The property's prime location near Cashman Park is a significant advantage, offering easy access to recreational amenities and increased visibility for your business. The interior layout is adaptable and can be customized to suit the specific requirements of your venture. This is a rare opportunity to acquire a well-situated commercial property in a thriving Newburyport neighborhood. The property's proximity to the park provides a desirable environment for both employees and customers. The building's previous use as a successful butcher shop demonstrates its suitability for a variety of retail or office applications. The asking price is $459,900. Don't miss this chance to establish your business in a vibrant and convenient location. Serious inquiries only. The square footage will need to be verified by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $542,862

  6.5%

  $501,103

  7%

  $465,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,827

  Geo Method

  $383,827

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $980,696

  Retail / Commercial

  $502,896

  Hospitality / Lodging

  $367,643

  Office

  $498,126

  Institutional / Educational

  $520,945

  Residential Income

  $609,506

  Multifamily

  $731,009

  Automotive / Energy

  $446,525

  Parking / Income-Based Land

  $154,090

  Restaurant / Food Service

  $260,628

  Healthcare / Senior Housing

  $513,872

Location Insight

City

Newburyport

County

Essex

State

Massachusetts

Latitude

42.8163

Longitude

-70.88

CBSA code

14460

CBSA name

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

Property Tax & Assessments

FAQs

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