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Property profile & analytics
OFF-MARKET
Commercial real estate

414 Boston St Topsfield, MA 01983-1544

0.7 ac lot
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US38-0215930
Property summary
AI-generated overview

This exceptional commercial property at 414 Boston Street in Topsfield, MA, presents a unique investment opportunity. Situated on a 0.7-acre lot with prime frontage on heavily traveled Route 1, this property boasts unparalleled visibility and accessibility. The building offers versatile spaces, currently configured for multiple uses, including a thriving restaurant and separate office areas. Each space is individually metered, allowing for efficient management of utilities and diverse income streams. The property's thoughtful maintenance is evident in the recent installation of gas-fired rooftop HVAC units (exact date not specified) and a durable rubber roof installed in 2006, ensuring both comfort and long-term cost-effectiveness. The inviting exterior features lush landscaping and prominent monument signage, enhancing curb appeal and attracting potential customers. This property is ideal for an owner-operator seeking to combine business and residential living or an investor looking to capitalize on multiple income streams from various tenants. The flexible layout allows for a variety of business configurations, making it an attractive prospect for a wide range of entrepreneurial ventures. The asking price is $1,600,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.7 ac (30,296 SF)
Zoning code BP
APN TOPS M:0019 B:0004 L:
UPID US38-0215930
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
  • Osteria Peppino Pizzeria Restaurant
  • Electric Services Unlimited Electrical Service General Contractor
  • New Outlooks Psychotherapist
  • Ms. Laura Godfrey Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Guiseppe Giugliano · 11 yrs held
Guiseppe Giugliano
since 2015
6 recorded transactions
2024
Price N/A
2018
Price N/A
2015
$530,000
2007
$650,000
1987
Price N/A
1969
Price N/A
Zoning & alternative use
BP · Topsfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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