Prime Topsfield location, 3,900 sq ft, 3.59 acres.
Property size:
3,900 SF
Description
Added:
Feb 3, 2025
Days on Market:
337
This exceptional 3,900 square foot commercial property, located at 30 Main Street in Topsfield, Massachusetts, presents a unique investment opportunity. Situated in the town's Central Business District, this former bank branch boasts a prime location just one mile from the renowned Topsfield Fairgrounds, ensuring high visibility and accessibility. The building features a well-designed layout, ideal for a variety of uses. The first floor comprises a spacious reception/waiting area, teller stations (easily adaptable), partitioned offices, and a private office, perfect for client interaction and administrative functions. Upstairs, the second floor offers a versatile conference room, ample storage space, a convenient kitchenette, a dedicated IT room, restrooms, and additional private offices, providing flexibility for various business needs. The property sits on a generous 3.59-acre lot, offering significant potential for expansion or outdoor amenities. Convenient parking is readily available in the adjacent Topsfield Village Shopping Center's lot (under the same ownership), supplemented by plentiful street parking. Estimated Net, Net, Net (NNN) charges are projected to be between $4.00 and $5.00 per square foot. The property's adaptability makes it suitable for a wide range of businesses, including but not limited to banks, credit unions, restaurants, and various retail and service operations. This is a rare opportunity to acquire a substantial commercial property in a thriving Topsfield location. The asking price is $14,000,000.
Serenity Skincare Spa ...Nail SalonPerfect Cut the Hair ...Beauty SalonFrancie's BoutiqueConsignment ShopBagel Bin Deli ...Breakfast RestaurantGil's GroceryGrocery Store
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30 Main St Topsfield, MA 01983
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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.
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30 Main St Topsfield, MA 01983
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30 Main St, Topsfield, MA
Mark Shapiro
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Mark Shapiro
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