414 Boston St Topsfield, MA 01983-1544
This exceptional commercial property at 414 Boston Street in Topsfield, MA, presents a unique investment opportunity. Situated on a 0.7-acre lot with prime frontage on heavily traveled Route 1, this property boasts unparalleled visibility and accessibility. The building offers versatile spaces, currently configured for multiple uses, including a thriving restaurant and separate office areas. Each space is individually metered, allowing for efficient management of utilities and diverse income streams. The property's thoughtful maintenance is evident in the recent installation of gas-fired rooftop HVAC units (exact date not specified) and a durable rubber roof installed in 2006, ensuring both comfort and long-term cost-effectiveness. The inviting exterior features lush landscaping and prominent monument signage, enhancing curb appeal and attracting potential customers. This property is ideal for an owner-operator seeking to combine business and residential living or an investor looking to capitalize on multiple income streams from various tenants. The flexible layout allows for a variety of business configurations, making it an attractive prospect for a wide range of entrepreneurial ventures. The asking price is $1,600,000.
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Osteria Peppino Pizzeria Restaurant
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Electric Services Unlimited Electrical Service General Contractor
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New Outlooks Psychotherapist
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Ms. Laura Godfrey Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BP · Topsfield, MATopsfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.