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487 Humphrey St Swampscott, MA 01907

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For Sale
$1,900,000

Four-unit mixed-use property near the ocean and downtown area.

Lot size:
0.14 Acres

Property Features for 487 Humphrey St

General Information

Lot size
0.14 Acres

Building Details

Year built
2001

Source: Barry Realty Group Agent Joe Castrichini

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property Near Ocean

This mixed-use property features four units, including two 2-bedroom residential units and two commercial units. The property is located close to the ocean and the downtown area. It has been very well-maintained, with the existing owners' business currently operating on-site. The current owners' family-run business occupies most of the building but can be reduced in size to allow for leasing of the residential units and the additional commercial unit. The sale price includes the owners' family-run business. Floor plans are available for review. There is plenty of off-street parking available. Its proximity to the ocean makes the location desirable. There is outstanding potential for condo conversion, or the property can be purchased as an investment with the business transfer. The owners are willing to stay on to train new owners and potentially remain as employees. The current rent roll is not at market value due to the owner's use of the building. This is a turnkey building and business. Taxes and the business's balance sheet are available with a signed NDA.
Insight Report Location Intelligence

Current Use by Public Records

Family Kitchens Cabinet Store Ilene Swartz, MSW Doctor

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
Swampscott
County
Essex
State
Massachusetts
Longitude
-70.9067507
Latitude
42.4675837

FAQs

What type of property is this?
Mixed-use property - Four-unit mixed-use property near the ocean and downtown area.
Where is this mixed-use property located?
The property is located at 487 Humphrey St Swampscott, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Mixed-use property featuring 2 residential and 2 commercial units, ideally located near the ocean and downtown.; - Includes existing family-run business in the sale price, a **turnkey business opportunity**.; - Potential for condo conversion or continued use as an investment property with business transfer.
More about this property
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