2 Washington St Ipswich, MA 01938-1810
Property profile & analytics
2 Washington St Ipswich, MA 01938-1810
- Industrial properties
- 18,936 SF
- 2.09 lot acres
Property ID
US38-1149350
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- EBSCO Information Services, Chronicle Building / Corporate Office
Property Details for 2 Washington St
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 2.09 lot acres
- Property size
- 18,936 SF
- Zone code
- GB
- Property type
- Industrial properties
- APN
- IPSW M:41B B:0217 L:0
- APU
- IPSWM41BB0217L0
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,355,000
- 6.5%
- $3,100,000
- 7%
- $2,875,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,445,000
Market price range: $582k - $3.45M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $3,100,000 Current use
- OFFICE BUILDING
- $4,865,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,535,000 Change: +46% Conversion: Easy
- RETAIL STORES
- $4,210,000 Change: +36% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $3,775,000 Change: +22% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,665,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ipswich
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8414
- Latitude
- 42.6789
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$36,581
$1,890,500
$1,324,000
$3,214,500
-
$0.00
$0.00
$0.00
