57 East St - Specialty FOR SALE


Ipswich, MA 01938
$975,000 USD
57 East St, Ipswich, MA for Sale
$975,000 USD
Specialty - FOR SALE
1/25
null | Request Cap Rate

57 East St
Ipswich, MA 01938


HIGHLIGHTS

  • Short distance to the Ipswich River, Ipswich Beaches and Downtown Ipswich

OVERVIEW

Opportunities like this do not come on the Market often!! Here is your chance to own a Piece of Ipswich 1909 History -Continued Use as a Neighborhood Bakery/Restaurant/Convenience Store/Retail Package Store - Wine and Malt beverages - a short distance to the Ipswich River. The Second Floor is a Two-Bedroom, One-Bath, large Living Room/Dining Room Apartment with a Private Entrance. The first floor is a Professional Industrial Kitchen, fully equipped for High-Volume Food Service—currently a Bakery serving lunch and dinner. Ipswich River Boat Launch and Park are moments away. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Single Family or Multi-Family Residential Rentals. Second floor Residential is a Two Bedroom, Tenant at Will, paying well Under Market Rent

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Use Strong Development Potential

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,800 SF

ZONING

-

APN/PARCEL ID

IPSW-000031D-000005

ASK ABOUT THIS PROPERTY

Frank BertolinoThe North Shore Realty GroupMore Info

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Frank BertolinoThe North Shore Realty GroupMore Info

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