Faulkner Commercial is pleased to present this mixed-use value-add investment opportunity. Seize the chance to acquire a prominent property in the heart of Market Square. This property offers commercial spaces on the first and second floors, complemented by six two-bedroom apartments. Current rents are below market value, presenting significant growth potential. The first floor is currently leased to a restaurant, and the second floor is vacant. All tenants are on a month-to-month basis. Property tours require 24 hours’ notice minimum and are by appointment only. Please do not inquire within. Initial tours will include one or two apartments, with a complete tour available during the due diligence period. The Offering Memorandum and investment proforma are available upon signing a Non-Disclosure Agreement. All information was obtained from the seller and public records, and prospective buyers are advised to perform due diligence in all aspects of a contemplated acquisition.
- Disclosure:
- The 2nd bedroom is now a den/office/dining room. The landlord can add doors to make it a true second bedroom. See video for layout. Lease ends on Aug 31., Buyers and buyers agents to perform due diligence. Some photos may be virtually enhanced. Subject to find suitable housing.
- Tax Year:
- 2024
- Status:
- Closed
- Zoning:
- CB
- Orig Price:
- $1,750,000
- Waterfront:
- No
- MlsStatus:
- Sold
- City:
- Amesbury
- State:
- MA
- County:
- Essex
- Postal Code:
- 01913
- Longitude:
- W71° 4' 13.4''
- Latitude:
- N42° 51' 28.7''
Commercial Sale
11 Elm St, Amesbury, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,650,000
- Square Footage :
- 9,160 Sqft
- Year Built :
- 1874
- Lot Area :
- 0.11 Acre
- Listing ID :
- 73283400
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com