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Industrial Condo in New England Park

461 Boston St A1, Topsfield, MA 01983

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For Sale

$399,900

High-bay industrial condo with mezzanine in Topsfield's business park.

Type:Commercial

Property size:

1,996 SF

Price / SF:

$200/SF

HighLights

1,996 SF high‑bay industrial condominium with an additional 200 SF mezzanine.
200‑amp, 3‑phase power with bus‑duct distribution.
Excellent location off Route 1 and minutes from I‑95, providing easy access to the North Shore.
Gas heat, HVAC, and overhead lifts included.
Professionally managed association with a modest $565/month condo fee.
Located in Topsfield’s desirable New England Business Park.

We can help!

Listing Contact

Charles Vaciliou

Learn more

For Sale

$399,900

High-bay industrial condo with mezzanine in Topsfield's business park.

Type:Commercial

Property size:

1,996 SF

Price / SF:

$200/SF

Added:: Apr 27, 2026
Days on Market:: 50
Last Refresh:: Apr 27 at 8:01 am

Property Features for 461 Boston St A1

General Information

Standard status: Active
Size: 1,996 SF
Property subtype: Commercial

Building Details

Year Built: 1987

We can help!

Listing Contact

Charles Vaciliou

Listing agent Charles Vaciliou

Listing office Realty One Group Nest

Listing date Apr 27, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Nest

HighLights

1,996 SF high‑bay industrial condominium with an additional 200 SF mezzanine.
200‑amp, 3‑phase power with bus‑duct distribution.
Excellent location off Route 1 and minutes from I‑95, providing easy access to the North Shore.
Gas heat, HVAC, and overhead lifts included.
Professionally managed association with a modest $565/month condo fee.
Located in Topsfield’s desirable New England Business Park.

Overview

Located in Topsfield’s New England Business Park, this 1,996 square foot industrial condominium unit includes an additional 200 square foot mezzanine suitable for storage or light assembly. The unit features 200-amp, 3-phase power with bus-duct distribution, gas heat, HVAC, and overhead lifts, providing flexibility for various trades, service, and light manufacturing uses. The property is located off Route 1 and minutes from I-95, offering access to Peabody, Danvers, and the North Shore market. The property is part of a professionally managed association with a condo fee of $565 per month. The location has a walk score of 8, indicating car dependence, and a bike score of 20, indicating it is somewhat bikeable.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.5k	$28.80
− Vacancy	−$3.9k	−$1.96
EGI	$53.6k	$26.84
− OpEx	−$18.8k	−$9.39
NOI	$34.8k	$17.45

1,996 SF · lease $28.80/SF/yr · vacancy 6.80% · expense 35.00%

Alternative Uses

Best Use

Flex RnD

$497.5K

$435.3K – $580.4K (±1% cap)

NOI $34,824 @ 7.0% cap · market cap 8.71%

Second Best

Warehouse

$368.3K

$322.3K – $429.7K (±1% cap)

NOI $25,781 @ 7.0% cap · market cap 6.45%

Theoretical Best

Office A

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,714 @ 7.0% cap · market cap 20.68%

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

Location Intelligence

Current Use by Public Records

New England Business ... Business Service Center M a Olson Co ... Professional Services B L Mosher ... Business Management Consultant TrainCaster LMS (Bike/Boat/Book/etc) Store Spectrum Industries Industrial Manufacturer

Suggested Use

Location Insight

Map
Local Demand

City: Topsfield
County: Essex
State: Massachusetts
Longitude: -70.9286351
Latitude: 42.6628313

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For sale
Flex space
MA
Topsfield
01983
461 Boston St A1

What type of property is this?

Flex space - High-bay industrial condo with mezzanine in Topsfield's business park.

Where is this flex space located?

The property is located at 461 Boston St A1 Topsfield, MA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 1,996 SF high‑bay industrial condominium with an additional 200 SF mezzanine.; 200‑amp, 3‑phase power with bus‑duct distribution.; Excellent location off Route 1 and minutes from I‑95, providing easy access to the North Shore.

461 Boston St A1, Topsfield, MA 01983

High-bay industrial condo with mezzanine in Topsfield's business park.

Property Features for 461 Boston St A1

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four Office Condominiums Package

Topsfield Industrial Condo For Sale

Industrial Condo in New England Park

Four Office Condominiums Package

Topsfield Office Park Commercial Space

Topsfield Office Park Commercial Space

Topsfield Industrial Condo with Mezzanine

Second-Floor Office Suite

Topsfield Office Park Commercial Space

Four Office Condominiums Package

Topsfield Office Park Commercial Space

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