11 ELM ST AMESBURY, MA 01913

Features

• Price/sqft: $191
• Lot Size: 0.11 acres
• Total Units: 7
• Stories: 3
• Roof Type: Tar & Gravel
• Heating: Forced air unit
• Construction Type: Frame
• Exterior Walls: Brick

Facts

• Year Built: 01/01/1874
• Property ID: 970755768
• MLS Number: 73283400
• Parcel Number: AMES M:53 B:0046
• Property Type: Commercial
• County: Essex
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Exceptional Mixed-Use Investment Opportunity in downtown Amesbury! Seize the chance to acquire a value-add 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, with the second floor currently vacant. All tenants are on a month-to-month basis. The Offering Memorandum is in progress, and property tours are by appointment only. Please do not inquire within. Initial tours will include one or two of the apartments, with a complete tour available during the due diligence period. Financials and an investment proforma are available upon signing a Confidential Non-Disclosure Agreement. Buyers are encouraged to perform due diligence. Market Square features many popular restaurants, retail stores, artisans, professional offices, and craft breweries.