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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 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
Second floor Residential is a Two Bedroom, Tenant at Will, paying well Under Market Rent
PROPERTY FACTS
| Price | $975,000 | Building Size | 2,087 SF |
| Price Per SF | $467.18 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1909/2020 |
| Property Type | Specialty | Parking Ratio | 6.71/1,000 SF |
| Lot Size | 0.13 AC |
| Price | $975,000 |
| Price Per SF | $467.18 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| 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 |
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57 East St - Multi-Use Strong Development Potential
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