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149 Merrimac St
Newburyport, MA 01950 North Shore

$290,000 USD

Apartments Condo For Sale  •  850 SF

Property Details

  • Property Type Apartments
  • Total Building Size 850 SF
  • Building Class C
  • Year Built 1850
  • Cap Rate 10.34 %
0 Transit Score
90 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 7&8 Office/Retail 850 SF $290,000 USD
  • Unit Size: 850 SF
  • Condo Use: Office/Retail
  • Price: $290,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $341.18 USD
Description
This 850 square foot commercial space is made up of two combined commercial condos, units 7 & 8. This space can be used for retail or office space.There is a bright and open reception area with work stations, a large conference room with a wall mounted television screen for presentations, a private office with it's own exterior entrance and a storage closet and bathroom. The heat and lighting is all electronically controlled through your smart phone and the space has been updated in the past eighteen months. The heat is natural gas forced hot water and the AC is a wall mounted AC unit that cools the whole space. Low condo fee of $208 a month includes, master insurance, water and sewer, exterior maintenance and snow removal. This is a prime location with maximum visibility and signage. List agent is the owner of the unit.

Sale Notes
Walking Distance to the water, parking garage and downtown.  This 850 square foot commercial space is made up of two combined commercial condos, units 7 & 8. This space can be used for retail or office space.There is a bright and open reception area with work stations, a large conference room with a wall mounted television screen for presentations, a private office with it's own exterior entrance and a storage closet and bathroom. The heat and lighting is all electronically controlled through your smart phone and the space has been updated in the past eighteen months. The heat is natural gas forced hot water and the AC is a wall mounted AC unit that cools the whole space. Low condo fee of $208 a month includes, master insurance, water and sewer, exterior maintenance and snow removal. This is a prime location with maximum visibility and signage. List agent is the owner of the unit.

Highlights

Street Level Storefront Unit Zoned for Retail or Office Use

Property Flyers

Financial Summary

Cap Rate: 10.34 %
Total Expenses: $5,456 USD

Public Transportation

Commuter RailDriveWalkDistance
Newburyport (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 3 min - 1.4 mi
Rowley (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 15 min - 7.9 mi
AirportDriveWalkDistance
Portsmouth International at Pease 33 min - 23.1 mi
Manchester Boston Regional 67 min - 44.7 mi
Doug Danzey 617-823-4445 eXp Realty
Doug Danzey 617-823-4445 eXp Realty