319 Newburyport TpkeRowley, MA 01969

Property Details for 319 Newburyport Tpke

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.80 AC

Property size (Sq ft)

21,834 SF

Property type

Office buildings

APN

ROWL M:0017 B:0020 L:0048

APU

ROWLM0017B0020L0048

Description

This exceptional 2,600-square-foot office space, located at 319 Newburyport Turnpike, Unit 208, Rowley, MA 01969, presents a versatile opportunity for businesses seeking a prime location. Situated in a three-story building constructed in 2005, this traditional office space offers a flexible layout suitable for various uses, including executive offices, coworking spaces, medical offices, or creative studios. The space boasts a 10-foot ceiling height, creating an airy and spacious atmosphere. Ample parking is available with 60 total spaces. The building is equipped with elevators for convenient access to all floors. The property sits on 3.8 acres of land and is zoned BLI. The space is currently vacant and available for multiple tenants. Power is provided at 110V. Please note that this listing refers to a 2,600 sq ft space within a larger building

• CAP approach

  CAP return

  Valuation

  6%

  $3,609,812

  6.5%

  $3,332,134

  7%

  $3,094,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,852,830

  Geo Method

  $2,852,830

• Alternative Use

  Use

  Valuation

  Residential

  $4,131,847

  Hospitality

  $3,784,750

  Educational

  $3,148,867

  Medical

  $3,257,162

  Retail

  $4,898,238

Location Insight

City

Rowley

County

Essex

State

Massachusetts

Latitude

42.7148

Longitude

-70.9058

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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