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49 Macy St 6,450 SF Retail Building Amesbury, MA 01913 $3,250,000 ($503.88/SF) 9.45% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,450 SF
Building Class
C
Year Built/Renovated
1975/2019
Price
$3,250,000
Price Per SF
$503.88
Cap Rate
9.45%
NOI
$307,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.13 AC
Zoning
Commercial - Marijuana retail overlay district
Parking
71 Spaces (11.01 Spaces per 1,000 SF Leased)
Frontage
80’ on Macy St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,171,100 | |
| Land Assessment | $1,009,300 | Total Assessment | $2,180,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,009,300
Improvements Assessment
$1,171,100
Total Assessment
$2,180,400
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Presented by
Blackfin Ventures, Inc
49 Macy St
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