$1,095,000
5,419
Living Area
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Property Description
Exceptional opportunity to own two attached condominiums comprised of 17 total office spaces. This commercial investment is located in the heart of downtown Topsfield, set along high-visibility Main Street in one of the North Shore’s most affluent, low-vacancy communities. The approximately 5,419-square-foot office property offers stable in-place income with meaningful upside potential. The property is approximately 85% occupied by a diversified professional tenant base, including psychology, legal, technology, wellness, and personal-service businesses, many of which have been long-term occupants. Currently, three units are available, including one space that offers the potential to be reconfigured into three separate offices, creating an opportunity to maximize the property's income-producing capacity. A detailed rent roll and stabilized pro forma are available upon request. The property is ideally suited for a value-add investor, an owner-user seeking to occupy space while generating rental income, or a 1031 exchange buyer seeking a well-located North Shore asset with a clear path to long-term appreciation. Strong pedestrian access, established foot traffic, and durable demand for small professional office suites further support the property's investment appeal. Don’t miss the opportunity to acquire a landmark Main Street property offering immediate income, flexible leasing opportunities, and significant long-term growth potential.
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Highlights
- Property Class: Commercial Sale
- Status: Active
- Year Built: 1900
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Additional Details
- Roof: Shingle
- Zoning Description: Legal Non-Conforming
- Zoning: Bv
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Fees / Taxes
- Tax Year: 2026
- Taxes: $14,324
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