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$ 2,800,000
Est. payment | /mo
3,320 SqFt
$ 2,800,000
Est. payment | /mo
3,320 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,320 sqft
Price per Sqft $843
MLS Listing ID 73580414
HOA Y/N false
Year Built 1970
Annual Tax Amount $7,606
Tax Year 2026
Lot Size 0.360 Acres
Acres 0.36
Property Description
Welcome to 45 & 47 Water Street, a Waterfront Landmark and Legacy Investment w/200+ years of successful enterprise, that are being offered for sale for the first time in 40 years! These are individual properties being sold together, representing a rare opportunity to put down roots in one New England's most sought-after coastal enclaves. Featured in magazines & destination media for its charming & walkable downtown with exceptional dining, cafés, culture & overall charm, Newburyport has exploded as a bucket-list hometown across all demographics, & these 2 premier offerings stand in the heart of it all. The 1822 Clock Tower Building at 45 Water Street commands the harbor with its stately brick façade & distinctive period architecture. Beside it, 47 Water Street-a 1970 warehouse extending toward the Clipper City Rail Trail-adds scale, flexibility & an unusually expansive downtown footprint. From the 4th-floor balcony (45 Water) Newburyport's working waterfront unfolds before you. Luxury yachts fill the marina directly below; with the Custom House, Harbormaster's office & Waterfront Park all in your sights. Here is a panorama so sweeping, you can watch a sailboat slipping beneath the Gillis bridge's swing span, and follow it all the way through the picturesque harbor to Plum Island - a breathtaking view from the top 2 floors found nowhere else in the city. The 2 buildings ideally are being sold together, with 45 Water Street boasting approximately 9,300 sq. ft. of finished space, character-rich interiors, exceptional visibility & on-site parking. Envision a signature waterfront headquarters; a legacy investment with an attractive balance sheet, or a mixed-use destination pairing luxury residences-and perhaps penthouses above-with a café, restaurant or vibrant commercial use below. Built after the Great Fire of 1811 & constructed for permanence during Newburyport's maritime prosperity, it housed Sumner, Swasey & Currier, prominent merchants who connected this harbor with foreign ports bringing goods to supply a growing nation. Generations later, Bennett & Company made it the flagship headquarters of an intl. apparel design & manufacturing business grounded in principles of mindfulness, respect and workforce wellbeing. With 2 complementary buildings, panoramic harbor views, parking, income potential & an irreplaceable setting, this is more than a real estate acquisition. The 2 buildings are being sold together for a total sales price of $8million.
Location
State MA
County Essex
Area Joppa
Zoning WMD
Direction In the heart of downtown, parking for this building is on the left and rear side of property.
Exterior
Utilities Available Public Water, Private Sewer
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Gibson Sotheby's International Realty
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