Leasing Or Buying Retail Sites in Amesbury: A Great Idea!

Retailers seeking premises close to the New Hampshire border will appreciate this scenic community! Today boasting a population approaching 18,000, it offers majestic waterfront views and a hilly inland location overlooking the wooded Merrimack River Valley. Situated north of a densely forested region of state parks and pristine natural areas, this enclave offers a great quality of life for outdoor enthusiasts.

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Retail Space

Why should you consider searching for retail locations here? Two busy intestates connect just northeast of this municipality: Interstate 95, a route leading into Peabody on the northern outskirts of Boston, and Interstate 495, a beltway linking many expanding cities along the far western outskirts of the Greater Boston Metropolitan Area. Businesses which depend upon traffic volumes discover opportunities for growth here. Plus, retailers in niche markets serving campers, hikers, and tourists find a fertile market in this beautiful region of Massachusetts.

Some Neighborhoods Here

This community, formerly the site of robust manufacturing activity, today has become largely residential. The Town Center Neighborhood lies immediately north of I-495. Main Street and Market Street cross through this urban, densely populated, locale. Main Street also extends south of the freeway, to link the community with locations in the enclave of Merrimacport on the southern shore of the river. Land fronting along Road 110 in the south of town and along Roads 150 and 107A further north provide choice retail locations for some new businesses.

Retailers discover options here for locating storefronts within refurbished commercial buildings in the Town Center. They may also purchase commercially zoned lots in outlying locations to construct new facilities. The latter choice allows a company to install parking lots on the site easily, an important feature in many retailing settings today.

Leasing Amesbury Retail Space

In order to lease retail space, tenants must typically obtain business liability insurance. Most landlords also require the payment of a security deposit. Some, but certainly not all, commercial retail leases also provide triple net provisions. Landlords and tenants generally negotiate the specific terms of a lease agreement with care, since the provisions significantly impact their operations.

One important issue often discussed during lease negotiations relates to the performance of necessary maintenance procedures. Some types of building repairs, such as the installation of a new commercial roof, or the updating of an extensive access control system impacting several retail tenants, potentially disrupt daily business operations. Landlords and tenants may choose to address these types of potential interruptions within clauses in long term lease agreements. Specific provisions sometimes vary widely, based upon business needs and the plans of the companies involved in the negotiations.

Purchasing Retail Property in this Community

Instead of becoming commercial realty tenants, retailers sometimes choose to purchase real estate in this location. Owning realty offers a number of advantages. One significant benefit involves the ability to project real estate payments more accurately, without having to anticipate increases imposed by landlords as small business enterprises become better established. Entities which own their retail premises outright often enjoy a better ability to prosper from increasing revenues.

When companies purchase retail locations, they also enjoy greater control over the implementation of necessary (or desired) improvements. The realty owner may create provisions in a lease agreement with its commercial tenants relating to scheduling these types of projects. For instance, a retailer may maintain an enhanced ability to commission parking lot resurfacing on its grounds without worrying that this type of maintenance activity will elicit complaints by other impacted businesses. Ownership also enables retailers to exercise more control over the resources the company chooses to share with tenants, such as signage. (As a renter by contrast, a retailer may exercise little control over some commercial building features.)

Listing Retail Space For Lease or Sale

From time to time, commercial property owners decide to lease or sell retail units. This process usually benefits from a careful evaluation of the local realty marketplace. Many considerations potentially enter into the decision, including a company's activities and business model, ownership changes, the need to generate additional revenue (or not), enhancing efficient business operations, and important local commercial real estate trends.

In some situations, retailers sell a location in one area and open another storefront elsewhere. In other cases, a sales decision may occur without further property acquisition in the community. If your business has considered leasing or selling real estate in this northern Massachusetts city, consider discussing available services offered by Boston City Properties. We welcome the opportunity to serve you!

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Retail Space