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$ 1,095,000
Est. payment | /mo
5,419 SqFt
$ 1,095,000
Est. payment | /mo
5,419 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,419 sqft
Price per Sqft $202
MLS Listing ID 73579479
HOA Y/N false
Year Built 1900
Annual Tax Amount $14,324
Tax Year 2026
Lot Size 0.340 Acres
Acres 0.34
Property Description
Exceptional opportunity to own two attached condominiums comprised of 17 total office spaces. This commercial investment is located in the heart of downtown Topsfield, set along high-visibility Main Street in one of the North Shore's most affluent, low-vacancy communities. The approximately 5,419-square-foot office property offers stable in-place income with meaningful upside potential. The property is approximately 85% occupied by a diversified professional tenant base, including psychology, legal, technology, wellness, and personal-service businesses, many of which have been long-term occupants. Currently, three units are available, including one space that offers the potential to be reconfigured into three separate offices, creating an opportunity to maximize the property's income-producing capacity. A detailed rent roll and stabilized pro forma are available upon request. The property is ideally suited for a value-add investor, an owner-user seeking to occupy space while generating rental income, or a 1031 exchange buyer seeking a well-located North Shore asset with a clear path to long-term appreciation. Strong pedestrian access, established foot traffic, and durable demand for small professional office suites further support the property's investment appeal. Don't miss the opportunity to acquire a landmark Main Street property offering immediate income, flexible leasing opportunities, and significant long-term growth potential.
Location
State MA
County Essex
Zoning BV
Direction Located right in downtown Topsfield on Main Street. Use GPS.
Exterior
Utilities Available Public Water, Private Sewer
Roof Type Shingle
Others
Senior Community false
Listed by RE/MAX Bentley's
Nearby Locations
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