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49 Macy St 6,450 SF Retail Building Amesbury, MA 01913 $4,444,472 CAD ($689.07 CAD/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
$4,444,472 CAD
Price Per SF
$689.07 CAD
Cap Rate
9.45%
NOI
$419,832 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.13 AC
Zoning
C - 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 | $1,601,561 CAD | |
| Land Assessment | $1,380,288 CAD | Total Assessment | $2,981,850 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,380,288 CAD
Improvements Assessment
$1,601,561 CAD
Total Assessment
$2,981,850 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Blackfin Ventures, Inc
49 Macy St
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