4 Office Condos - 218 Boston Street Office FOR SALE


Topsfield, MA
$299,000 USD
978-394-6736
, Topsfield, MA for Sale
$299,000 USD
Office - FOR SALE
1/11
null | 7.03% Cap Rate

4 Office Condos - 218 Boston Street
Topsfield, MA


HIGHLIGHTS

  • 4-unit office condo investment (~2,516 SF total)
  • Unit sizes: ~600–700 SF (high-demand small office footprint)
  • Route 1 location with strong visibility and access
  • Ample on-site parking
  • Private half baths in each unit
  • All tenants TAW (flexibility for repositioning)

OVERVIEW

This offering presents a rare opportunity to acquire a 4-unit office condo portfolio located on highly visible Route 1 in Topsfield, MA. The property consists of approximately 2,516 square feet across four units, each ranging from 600–700 square feet. The asset is currently generating stable in-place income with three occupied units and one vacant unit, while offering significant upside through rent increases and lease restructuring. All existing tenants are Tenants At Will (TAW), providing flexibility for a new owner to reposition the asset and align rents with market levels. Small-format office spaces in this size range remain in consistent demand from professional users, making this an ideal opportunity for investors seeking a low-complexity, value-add asset with strong leasing fundamentals. Cannot be used for retail or residential. IDEAL TENANT PROFILE Therapists / counselors Attorneys / accountants Mortgage / insurance professionals Wellness users (massage, acupuncture) Real estate / satellite offices Small business operators Internet Businesses INVESTMENT SUMMARY This is a straightforward, value-add office investment offering: Stable in-place income Immediate rental upside Flexible lease structure (TAW) Strong demand for small professional spaces The property is well-positioned for an investor to increase NOI and drive value through active management and leasing strategy.

ASK ABOUT THIS PROPERTY

Jim ArmstrongArmstrong Field Group @ ALUXETYMore Info
978-394-6736

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Jim ArmstrongArmstrong Field Group @ ALUXETYMore Info
978-394-6736

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.