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$ 5,200,000
Est. payment | /mo
9,285 SqFt
$ 5,200,000
Est. payment | /mo
9,285 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,285 sqft
Price per Sqft $560
MLS Listing ID 73580413
HOA Y/N false
Year Built 1822
Annual Tax Amount $12,146
Tax Year 2026
Lot Size 3,049 Sqft
Acres 0.07
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 WMU
Direction Parking for both buildings is between 45 & 47 Water Street, alongside 45 Water or in the rear.
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Roof Type Asphalt/Composition Shingles
Others
Senior Community false
Listed by Gibson Sotheby's International Realty