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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Last Updated: December 21st, 2024 at 6:03am
General Information for 23 State Street, Newburyport, Massachusetts 01950
Property TypeCommercial Sale
Price$1,250,000
MLS #73315749
List Date2024-11-26
Special Listing Conditions
StateMassachusetts
Street NameState Street
Unit
CityNewburyport
Zip Code01950
CountyEssex
MLS Status
AssociationYes
Heat Zones
Sold Date
Building Area Total2491
Building Area Units0
Close Date
Close Price$0
Listing Service
UnparsedAddress23 State Street, Newburyport MA 01950
Zoning
Zoning DescriptionLegal Conforming
Business Type
Interior Features for 23 State Street, Newburyport, Massachusetts 01950
* Approx. Living Area Total2,491 sq ft
MLS Area (Major)
OffMarketDate19/12/2024
Exterior Features for 23 State Street, Newburyport, Massachusetts 01950
* Parking Spaces0
* Year Built1800
Year Built Details
Year Built Source
Construction Materials
Approx. Street Frontage
Utilities
Disclosures for 23 State Street, Newburyport, Massachusetts 01950
Buyer Agent Compensation2
ContingencyPending P&S
Financing
Disclosures
Documents Available
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSURE
Lead PaintUnknown
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 23 State Street, Newburyport, Massachusetts 01950