Jamie Dee Frontiero - Coldwell Banker Residential Brokerage

40 State St, Newburyport, MA 01950


Sale Price

Type of Comm.
Lot Size
Prime Downtown Newburyport location right in the center of the restaurant and shopping area. Very high foot traffic. The attached building consists of three unit's, 2 residential unit's and 1 retail unit. The retail unit will be empty on July 1 and available for your business. 2nd floor residential unit has 2 bedroom's and is leased till next May for $1300 per month. The 3rd floor residential unit is loft style with one bedroom, hard wood floors, and upgraded kitchen. Leased through November for $1750 per month. The owners have plans to re-do the facade of the building and will be in keeping with the traditional style seen on some of the other downtown buildings. Put your offer in now and plan your own design. Residential unit's are metered together for gas and electricity. Retail unit has its own meters.
Lot Size: 804.00
Acres: 0.02
Sale Price: $981,000
Settled Date: 9/29/2016 12:00:00 AM
List Price: $1,100,000
Type: Commercial
Type of Comm.: Commercial
Status: Sold
Restrooms: 3
Stories: 4
Buildings: 1
Total Units: 3
Units: 3
Total Sq. Ft.: 2,659
Year Built: 1800
Approx. GLA: 2,659
Sub Dividable: N
MLS#: 72021962
Elevator: No
Acres: 0.02
Depth: 45
Space Dividable: No
Easements: No
Expandable: No
Handicap Access: No
Lot Size: 804.00
Construction: Brick
Railroad Siding: No
Roof Material: Combination
Site Condition: Level
Sprinklers: Unknown
Traffic Count: 18,000
Underground Tank: Unknown
Location: Downtown
Utilities: Public Water, Public Sewer, 440 Volts
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $221,900
Condo Assoc.: No
Assessed Land Value: $404,500
Exchange: Yes
Gross Annual Expenses: $19,000
Gross Annual Income: $69,120
Taxes: $8,664
Tax Year: 2016
Lien and Encumbent: No
Net Operating Income: $50,067
Book/Page: 30069/18
Lease Price Includes: Building
Sublet: No
Plat Plan: No
Special Financing: No
Survey: No
Total Assesed Value: $626,400
Zone Description: Legal Non-Conforming
Retail Sq. Ft.: 745
Retail Units: 1
Residential Sq. Ft.: 1,914
Residential Units: 2
Disclosure Declaration: No
Disclosure: See Escrow Agent Notification & Email/Text Disclaimers Attached.
For Lease: Yes
Lease Type: Triple Net Lease (NNN)
Space Available: For Sale/Lease
The listing office is Coldwell Banker Residential Brokerage - Newburyport and the listing agent is Melissa Corkum. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 9/24/2017 3:05:00 PM.
Jamie Dee Frontiero
Jamie Dee Frontiero
Coldwell Banker Residential Brokerage