MA
Essex
Topsfield
01983
58 Main Street
58 Main Street, Topsfield, MA 01983
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Listing Type
Commercial/Industrial
Listing Status
Active
37
$1,095,000

Home Details for 58 Main Street

Price
$1,095,000
Type
Commercial Sale
Square feet
5419
Year built
1900
Lot size acres
0.34
County
Essex
MLS Listing#
73579479
Property Description

Exceptional opportunity to own two attached condominiums, comprised of 17 total office spaces. This commercial investment in the heart of downtown Topsfield is set on high-visibility Main Street in one of the North Shore's most affluent, low-vacancy communities. This approximately 5,419 square foot office property offers stable in-place income with substantial room to grow. The property is approximately 85% occupied by a diversified, professional tenant base, including psychology, legal, technology, wellness, and personal-service businesses, many of them long-term. All tenancies are at-will, giving a new owner rare flexibility to reposition the rent roll and move rents to market on a short timeline. Herein lies the upside: rents have not been increased in years and sit well below market, and threeunits are available now, one of which can be reconfigured into three separate offices to maximize income. With light management and a proactive leasing strategy, an investor can meaningfully lift NOI. Detailed rent roll and stabilized pro forma available upon request. Ideal for a value-add investor, owner-user seeking to occupy while collecting income, or a 1031 exchange buyer looking for a well-located North Shore asset with a clear path to appreciation. Strong pedestrian access, established foot traffic, and durable demand for small professional suites round out a compelling offering. Don't miss this opportunity to acquire a landmark Main Street property with immediate income and long-term growth

Property Features
  • Water Features
    • Public
Listing Courtesy: RE/MAX Bentley's - 978-572-1200
Presented by: Tristan Horan
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85 Wilmington Road, Burlington, MA 01803
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