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19-23 Pleasant St - Mercantile Place 1,162 SF Flex Condo Unit Offered at $685,000 in Newburyport, MA 01950
Investment Highlights
- Newly renovated
- downtown location with street signage rights
- flexible use & layout
Executive Summary
Completely reimagined from the ground up, this beautifully gut-renovated 1,162 sqft commercial office/retail condominium offers a rare opportunity to own a turnkey commercial space in the heart of downtown Newburyport's historic Mercantile Place. Following an extensive ~$150,000 renovation, nearly every aspect of the property has been thoughtfully upgraded, including a redesigned floor plan, new high-end kitchenette, full bathroom with tiled walk-in shower, updated plumbing, HVAC, electrical, flooring, walls, ceilings, lighting, fixtures, and finishes throughout... The flexible layout features a bright, open collaborative workspace, a private executive suite, a designer kitchenette complete with appliances and an Elkay recessed filtered water system, and a full bath with custom tiled shower. Exposed brick walls, abundant natural light, tile flooring throughout, and direct private access from Prince Place create a distinctive blend of historic character and modern functionality... Ideally suited for a wide variety of uses including professional offices, law firms, financial services, real estate, consulting, creative agencies, boutique retail, medical/wellness (subject to approvals), or shared coworking space. Additional features include central heat & air conditioning, 100-amp electrical service, wet sprinkler system, convenient non-deeded parking immediately outside the unit, abundant on-street parking, and located downtown near all of Newburyport's top attractions... A truly turnkey commercial opportunity in one of New England's most desirable downtown districts.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Description
Mercantile Place offers occupants and investors the combination of historic character, pedestrian-oriented accessibility, and proximity to regional transportation infrastructure. The property is positioned within one of New England's most recognized downtown districts, making it suitable for a variety of commercial, office, retail, creative, and professional service uses, subject to applicable approvals and condominium regulations.
Sale Notes
Seller/seller's agent make no representations or warranties. Buyer to do own due diligence with town and HOA regarding potential uses.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 103 | 1,162 SF | Flex | $685,000 ($589.50/SF) | - |
Unit 103
| Unit Size |
| 1,162 SF |
| Condo Use |
| Flex |
| Price |
| $685,000 ($589.50/SF) |
| NOI |
| - |
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Unit 103
| Unit Size | 1,162 SF |
| Condo Use | Flex |
| Price | $685,000 ($589.50/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| Mercantile Place offers occupants and investors the combination of historic character, pedestrian-oriented accessibility, and proximity to regional transportation infrastructure. The property is positioned within one of New England's most recognized downtown districts, making it suitable for a variety of commercial, office, retail, creative, and professional service uses, subject to applicable approvals and condominium regulations.</li></ul> | |
| Sale Notes | |
| Seller/seller's agent make no representations or warranties. Buyer to do own due diligence with town and HOA regarding potential uses.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,483 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,096 SF |
| Property Subtype | Year Built | 1876 | |
| Building Class | C | ||
| Zoning | commercial | ||
| Total Building Size | 10,483 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,096 SF |
| Year Built | 1876 |
| Zoning | commercial |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
19-23 Pleasant St - Mercantile Place