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    50-56 Market St Ipswich, MA 01938

    Sponsored
    For Sale
    $1,200,000

    LAND - Ipswich, MA

    Lot size:
    0.55 Acres
    Days on Market:
    86
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 50-56 Market St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CB
    APN
    M:42A B:0202 L:0,1956628
    Lot size
    0.55 Acres

    Keller Williams Realty Evolution [email protected]

    Listing agent Keller Williams Realty Evolution

    Listing date Oct 12, 2025

    MLS# 73441293 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Ipswich Development Opportunity

    This property presents an investment opportunity to complete a five-unit condominium complex in downtown Ipswich. All approvals are secured, and the foundation is already in place. The location is near the train station, offering convenience for commuters. Future residents will have easy access to Ipswich's shops, restaurants, and Crane Beach. Situated less than an hour from Boston, Ipswich combines coastal charm with urban accessibility. The town is known for its community, schools, and amenities, making it a sought-after location on the North Shore. The property is zoned CB and has a lot size of 0.55 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ipswich
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.839598
    Latitude
    42.678265

    Nearby Similar for Sale

    • $975,000

      Ipswich Historic Mixed-Use Building

      Historic Ipswich building with retail, restaurant, and residential potential.
      57 East St, Ipswich, MA 01938
      View Details

    FAQs

    What type of property is this?
    Apartment building - Approved five-unit condo project in downtown Ipswich near train.
    Where is this apartment building located?
    The property is located at 50-56 Market St Ipswich, MA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Approved five-unit condominium project ready for completion.; - Foundation is already in place, saving significant time and initial investment.; - Prime downtown location steps from the train station for easy commuting.
    (978) 927-8700
    Request Owner's contact information
    50-56 Market St Ipswich, MA 01938
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    Ipswich, MA 01938
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50-56 Market St Ipswich, MA 01938
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