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57 East St - Multi-Use Strong Development Potential 2,087 SF Specialty Building Offered at $975,000 in Ipswich, MA 01938
INVESTMENT HIGHLIGHTS
- Short distance to the Ipswich River, Ipswich Beaches and Downtown Ipswich
EXECUTIVE SUMMARY
Opportunities like this do not come to market often. Here is your chance to own a Piece of Ipswich 1909 History -Continued Use as a Neighborhood Bakery/Restaurant/Convenience Store/Retail (Currently 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. The 342 sq. ft. Out-Building was previously a bait shop and is now used for additional storage. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Residential Rentals. Second floor Residential is a two-bedroom, tenant-at-will, paying well Under Market Rent.
PROPERTY FACTS
| Price | $975,000 | Lot Size | 0.13 AC |
| Price Per SF | $467.18 | Building Size | 2,087 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1909/2020 |
| Building Class | C | Parking Ratio | 6.71/1,000 SF |
| Zoning | IR - Potential to convert to 100% Single Family or Multi-Family Residential Rentals.Second-floor Residential is a two-bedroom.The 342 sq. ft. Out-Bu | ||
| Price | $975,000 |
| Price Per SF | $467.18 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,087 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2020 |
| Parking Ratio | 6.71/1,000 SF |
| Zoning | IR - Potential to convert to 100% Single Family or Multi-Family Residential Rentals.Second-floor Residential is a two-bedroom.The 342 sq. ft. Out-Bu |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | IPSW-000031D-000005 | Improvements Assessment | $290,100 |
| Land Assessment | $264,000 | Total Assessment | $554,100 |
PROPERTY TAXES
Parcel Number
IPSW-000031D-000005
Land Assessment
$264,000
Improvements Assessment
$290,100
Total Assessment
$554,100
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57 East St - Multi-Use Strong Development Potential
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