47 S Main St - Storefront Retail/Residential FOR SALE


Ipswich, MA 01938
$950,000 USD
978-968-0308
47 S Main St, Ipswich, MA for Sale
$950,000 USD
Storefront Retail/Residential - FOR SALE
1/44
null | 4.02% Cap Rate

NEW


47 S Main St
Ipswich, MA 01938


HIGHLIGHTS

  • Prime downtown Ipswich location with strong foot traffic
  • Mixed-use asset: ground-floor retail + four office suites
  • Value-add potential through future rent growth and repositioning

OVERVIEW

Downtown Ipswich mixed-use opportunity. 47 South Main Street is ideally located in the heart of Ipswich overlooking the Ipswich River and surrounded by shops, restaurants, and strong foot traffic. The property, built in 1950, features a large ground-level retail space with four offices above, offering flexibility for both investors and owner-users. Currently leased, the property provides immediate income with future upside potential. Ideal for an owner-occupant seeking a prominent retail location with additional rental income, or an investor looking for a well-located asset in a high-demand market. Convenient access to Route 1A and the Ipswich MBTA commuter rail.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

4.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,360 SF

ZONING

CB

APN/PARCEL ID

IPSW-000042A-000172

ASK ABOUT THIS PROPERTY

Nick ZolotasHerrick Lutts Realty PartnersMore Info
978-968-0308

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Nick ZolotasHerrick Lutts Realty PartnersMore Info
978-968-0308

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