Entity Owned Property summary
This 1,724 square foot, single-story, Class B building is situated on an 8,188 square foot lot in the heart of downtown Ipswich, Massachusetts, at 116 Central St, 01938. Built in 1969, this vacant property offers a unique opportunity for owner-users. The building features a full, usable basement and a convenient drive-thru, making it ideal for a variety of uses including, but not limited to, a bank, convenience store, or restaurant. Its prime location next to CVS ensures high visibility and accessibility. The property is zoned for business use and presents a rare chance to acquire a freestanding building in a thriving downtown area. The asking price is $700,000. This is a single-unit property with one building.
Property profile
VerifiedCap rate & NOI
Current use
-
Bank Credit Union
Location
Value estimations
Owner & transaction history
Zoning & alternative use
5. General Business (GB) (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7.…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GB · Ipswich, MA5. General Business (GB) (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
5. General Business (GB) (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Ipswich, MA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
