49 Macy St - Storefront Retail/Office FOR SALE


Amesbury, MA 01913
$3,250,000 USD
617-549-8575
49 Macy St, Amesbury, MA for Sale
$3,250,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 9.45% Cap Rate

49 Macy St
Amesbury, MA 01913


OVERVIEW

49 Macy St is a recently re-developed prime retail property with ample parking, well-maintained and mature landscaping, and a high daily traffic count immediately off Rte 495. The interior consists of 2 demised spaces. The larger is occupied by a fully operating licensed cannabis dispensary with approximately 4450 s/f of retail floorspace. The second space is approximately 2000 s/f of partly finished flex space currently used for storage by the same tenant. Tenant's initial lease term ends in 2028, with 2 5-year options to extend.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

9.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

Commercial

APN/PARCEL ID

AMES-000053-000000-000017

ASK ABOUT THIS PROPERTY

Chris EdwardsBlackfin Ventures, IncMore Info
617-549-8575

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Chris EdwardsBlackfin Ventures, IncMore Info
617-549-8575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.