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33-37 S Main St 2,125 SF 100% Leased Retail Building Ipswich, MA 01938 $599,900 ($282.31/SF)
Investment Highlights
- Highly visible downtown Ipswich location
- Residential apartment with Ipswich River views
- Existing residential and commercial rental income
- Two ground-floor commercial spaces
- Three separately metered units
- Owner-occupied commercial unit available at closing
Executive Summary
Rare opportunity to acquire a mixed-use property in the heart of historic downtown Ipswich. The property features two first-floor commercial spaces totaling approximately 1,233 SF and a second-floor 2–3 bedroom residential apartment of approximately 892 SF. The property offers flexibility for an investor, owner-occupant or business owner looking to establish a downtown location while benefiting from additional rental income.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,125 SF
Building Class
C
Year Built
1900
Price
$599,900
Price Per SF
$282.31
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.04 AC
Zoning
CB - Central Business
Amenities
- Signage
- Waterfront
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | IPSW-000042A-000174 | Improvements Assessment | $314,200 |
| Land Assessment | $181,900 | Total Assessment | $496,100 |
Property Taxes
Parcel Number
IPSW-000042A-000174
Land Assessment
$181,900
Improvements Assessment
$314,200
Total Assessment
$496,100
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33-37 S Main St