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    Property profile & analytics
    OFF-MARKET Estimated value $2,960,000
    Industrial properties

    2 Washington St, Ipswich, MA 01938-1810

    18,936 SF 2.09 ac lot Built 1981
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US38-1149350
    Property summary
    AI-generated overview

    This exceptional commercial property at 2 Washington Street in Ipswich, Massachusetts offers 23,066 square feet of versatile office and light industrial space, currently available for lease. The building, a two-story structure, features a total of 23,068 square feet of vacant space, perfect for a single tenant or multiple occupants. Flexible lease options are available, accommodating spaces ranging from a minimum of 10,776 square feet to a maximum contiguous area of 12,292 square feet. The property boasts convenient amenities including one loading dock and one dock-high door, ensuring efficient logistics. Power is robust, supplied by a 2,000 amp, 480V, 3-phase system. Located in Essex County, this property enjoys an enviable position, a mere four-minute walk from the Ipswich Commuter Rail station, providing easy access to public transportation. Furthermore, it's an eight-minute drive to Route 1 and a fourteen-minute drive to Interstate 95, offering excellent regional connectivity. The property's proximity to downtown Ipswich provides easy access to a variety of shops and restaurants, enhancing the appeal for employees and clients alike. This is a rare opportunity to secure a substantial and well-located commercial space in a thriving Massachusetts community. The property's size and features make it ideal for a variety of businesses seeking a prominent presence in Ipswich. Contact us today to learn more about this exceptional leasing opportunity.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1981
    Construction STEEL FRAME
    Total area 18,936 SF
    Lot 2.09 ac (91,040 SF)
    Zoning code GB
    APN IPSW M:41B B:0217 L:0
    UPID US38-1149350
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • EBSCO Information Services, Chronicle Building Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.10M
    Comparable Approach Comparable
    $3.45M
    Blend (final) Blend
    $2.96M
    Owner & transaction history
    Depot Lane LLC · 1 yrs held
    Depot Lane LLC
    since 2025
    Last sale
    $2.7M
    7 recorded transactions
    2026
    2025
    $2.7M
    2009
    $1.4M
    2008
    2000
    1999
    $800,000
    1993
    Zoning & alternative use
    GB · Ipswich, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $4.9M +57.0%
    Auto repair, garage $4.5M +46.3%
    Retail stores $4.2M +35.8%
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