$1,750,000
11 Elm St Amesbury, MA 01913
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$1,750,000
Est. payment /mo
9,160 SqFt
Active Under Contract
11 Elm St Amesbury, MA 01913
UPDATED:
11/05/2024 05:19 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 9,160 sqft
Price per Sqft $191
MLS Listing ID 73283400
HOA Y/N false
Year Built 1874
Annual Tax Amount $11,907
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Mixed-Use Value Add Investment Opportunity in Amesbury! Seize the chance to acquire a property in the heart of Market Square. This property offers commercial spaces on the first and second floors, complemented by 6 two-bedroom apartments. Current rents are below market value, presenting significant growth potential. The first floor is currently leased to a restaurant, with the second floor vacant. All tenants are on a month-to-month basis. The Offering Memorandum is in progress, and property tours are by appointment only. Please do not inquire within. Initial tours will include one or two of the apartments, with a complete tour available during the due diligence period. Financials and an investment proforma are available upon signing a Confidential Non-Disclosure Agreement. Buyers are encouraged to perform due diligence. Market Square features many popular restaurants, retail stores, artisans, professional offices, and craft breweries. One of the tenants has a Right of First Refusal.
Location
State MA
County Essex
Zoning CB
Direction in the heart of Market Square in downtown Amesbury
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, 110 Volts, 220 Volts
Waterfront false
Roof Type Rubber
Total Parking Spaces 2
Others
Senior Community false
Listed by Keller Williams Realty
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