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339-203-1109
Real Estate Company
414 Boston St, Topsfield, MA 01983
- $1,400,000
- 5
- BA
- 5,053
- SqFt
- List Price
- $1,400,000
- Days on Market
- 31
- Status
- ACTIVE
- MLS#
- 73583055
- Bathrooms
- 5
- Living Area
- 5,053
- Lot Size (Acres)
- 0.7
- Year Built
- 1979
Property Description
RARE MIXED-USE OPPORTUNITY ON ROUTE 1 IN TOPSFIELD! Be your own boss, generate rental income, and potentially live on-site at this versatile property located in the Business Park District with outstanding Route 1 frontage, visibility and signage. The property offers multiple income-producing components, including a free-standing Italian/pizza restaurant plus flexible residential and commercial space. The property is subdivided and separately metered for up to four individual tenant spaces, creating tremendous flexibility for an owner-user, investor, restaurateur or entrepreneur. The restaurant offers an established layout with spacious dining areas, customer service/counter space, commercial kitchen and prep areas, refrigeration, stainless-steel equipment and a wood-fired pizza oven. Take advantage of the existing restaurant infrastructure and create your own Italian restaurant, pizzeria, café or other concept. An outdoor seating area provides additional possibilities. Beyond the restaurant, the property can accommodate two residential apartments, or one residential apartment plus an office/commercial retail space, providing flexibility to tailor the property to your business and investment strategy. Operate your business while collecting rental income, potentially live on-site, utilize the additional space for your own office or retail operation, or explore other configurations permitted by zoning. Situated on approximately 0.70 acres with approximately 467 feet of frontage, the property offers substantial on-site parking with approximately 50 spaces and excellent exposure along heavily traveled Route 1. Improvements include newer gas-fired rooftop HVAC units, rubber roofing, natural gas and public water. The combination of restaurant space, flexible residential/commercial units, parking, visibility and existing infrastructure makes this a unique opportunity for investors and owner-operators alike. Bring your business, your investment strategy and your vision. Work here, invest here and potentially live here—the opportunities are endless at 414 Boston Street!
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Additional Information
- Taxes
- $11,806
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Listing courtesy of Listing Agent: Matthew Kelly from Listing Office: Keller Williams Elite.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.