Sold!
$1,200,000
2,491
Living Area
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Property Description
A rare opportunity to own 5 units, on State Street in downtown Newburyport. 3 office units located on the 2nd level w/ a common waiting room & half bath. The 3rd level is home to 2 newly renovated, soon-to-be-converted, residential lofts w/ exposed brick walls, vaulted beam ceilings, wide-pine hardwood floors & newer windows. Residential Unit #1 has 622sqft inclusive of the living room, kitchen, bathroom, sleeping loft, a stackable washer/dryer, 2 high-efficiency mini splits, & the ability to add a murphy bed in the living room for a 2nd sleeping area. Residential Unit #2 boasts 664sqft incorporating 1 bedroom, 1 sleeping loft, living room, bathroom, laundry area, kitchen (no oven) & 2-high-efficiency mini splits. No deeded parking. Own a part of history, w/ this multi-purpose, circa 1800s loft-living style property, presenting a great opportunity for investors, business owners or owner-occupants! Office #1 has a $740/Mo lease exp 12/31/24. Office #2 has a $845/Mo lease exp 1/31/25.
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Highlights
- HOA Fee: $300
- Year Built: 1800
- Property Class: Commercial Sale
- Status: Closed
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Additional Details
- Roof: Tar/Gravel
- Zoning Description: Legal Conforming
- Zoning: B2 Dod
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Fees / Taxes
- HOA: Yes
- Tax Year: 2024
- HOA Fee Includes: Insurance, Maintenance Structure
- Taxes: $6,245
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Listing information provided courtesy of Lyv Realty.
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