14-16-18 Friend St
Live, Work, and Invest in the Heart of Downtown Amesbury
Marketing description
Located in the heart of downtown Amesbury, this mixed-use property features two vacant street-level commercial spaces and a spacious one-bedroom apartment, which is leased through June 2027. The building has benefited from substantial improvements over the years, including updates to major systems, utilities, windows, siding, and fire safety components. Investors will appreciate the existing income and long-term upside, business owners can take advantage of the flexible commercial space and prime downtown visibility, and owner-occupants may find a unique opportunity to combine business and residential use under one roof. With strong foot traffic, nearby public parking, and versatile space suitable for retail, office, restaurant, wellness, or service uses, this is a rare opportunity in one of the North Shore's most vibrant downtown districts. Projected gross income includes actual residential rent and projected rents for two vacant retail units. Potential condo conversion and/or subdivision opportunity subject to municipal approvals. Buyer and buyer's agents to perform all due diligence.
Investment highlights
- Prime Downtown Amesbury Location – Positioned in the heart of Amesbury's vibrant downtown business district with strong foot traffic, excellent visibility, and nearby public parking.
- Mixed-Use Income-Producing Asset – Features two street-level commercial units and one residential apartment, creating diversified income potential.
- Existing Cash Flow with Upside – The spacious one-bedroom apartment is leased through June 2027, providing immediate rental income while the two vacant retail spaces offer lease-up value-add potential.
- Value-Add Opportunity – Projected gross annual income of $70,800 with projected NOI of approximately $60,062, based on leasing the vacant commercial spaces.
- Flexible Commercial Space – Retail units can accommodate a variety of uses including retail, office, restaurant, wellness, professional services, and other commercial concepts.
- Significant Capital Improvements Completed – Ownership has invested in major building systems, utilities, windows, siding, and fire safety upgrades, reducing near-term capital expenditure needs.
- Future Redevelopment Potential – Property offers potential condominium conversion and/or subdivision opportunities, subject to municipal approvals, creating additional exit strategies for investors.
- Versatile Investment Strategy – Suitable for investors seeking stabilized income and appreciation, owner-users looking to occupy commercial space while collecting residential rent, or value-add buyers focused on lease-up and repositioning.
- Downtown Commercial Zoning – Located in the Central Business District with a legal non-conforming status and a highly walkable location that supports long-term tenant demand.
- Rare Small-Bay Retail Opportunity – Two vacant storefronts totaling approximately 1,809 SF create an uncommon opportunity to capture market rents in a supply-constrained downtown setting.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
