289 Main StWest Newbury, MA 01985

  • Gas stations
  • 1,429 SF
For Sale
$799,000 View listing

Property Details for 289 Main St

Year built
1962
Construction
FRAME
Lot size
0.25 AC
Property size (Sq ft)
1,429 SF
Zone code
RC
Property type
Gas stations
APN
WNEW M:001.U B:0000 L:0040.0
APU
WNEWM001UB0000L00400

Description

This exceptional investment opportunity presents a 0.25-acre commercial lot in West Newbury, Massachusetts, at 289 Main St., zip code 01985. The property features a single-story, 1,429 square foot building constructed in 1962. Currently operating as a service station, this established business offers a stable income stream secured by a five-year lease. The property's prime location near major commuter routes and local amenities ensures high visibility and accessibility. The single-unit building sits on a conveniently sized lot, providing ample space for operations. This turnkey business presents a rare chance to acquire a profitable, established enterprise with a long-term lease in place, offering immediate return on investment and future growth potential. The property is situated in Essex County and boasts a strong local customer base. The asking price for this exceptional opportunity is $799,000. This is a unique chance to own a successful business in a desirable location with a proven track record. The property's existing infrastructure and established clientele provide a solid foundation for continued success and expansion. This is an ideal investment for those seeking a stable income stream and long-term growth potential in a thriving commercial area.

Location Insight

City
West Newbury
County
Essex
State
Massachusetts
Latitude
42.7959
Longitude
-70.9957
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,032
$278,200
$94,400
$372,600
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