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Property profile & analytics
OFF-MARKET
Warehouses

59 Tpke Rd Ipswich, MA 01938-1048

17.13 ac lot
Entity Owned Free & Clear
Property ID
US38-0700797
Property summary
AI-generated overview

This exceptional 17-acre industrial land parcel in Ipswich, Massachusetts, presents a rare development opportunity. Located at 59 Turnpike Road, this property boasts over 975 feet of frontage on Route 1 and is zoned for Limited Industrial use. Previously approved plans by the Town of Ipswich exist for two 20,000 square foot warehouse buildings, complete with 86 parking spaces. However, the zoning allows for a wide range of alternative uses, including storage facilities, sports complexes, and restaurants, as detailed in the attached zoning table. The site offers significant potential for redevelopment, with two potential curb cuts (one already in place). The land has been cleared, and some drainage areas have been excavated, simplifying the development process. The property's Assessed Parcel Number (APN) is M:27C B:0031 L:0,1954218. The asking price for this remarkable opportunity is $2,150,000. This property is situated in Essex County, MA, zip code 01938.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 17.13 ac (746,052 SF)
Zoning code LI
APN IPSW M:27C B:0031 L:0
UPID US38-0700797
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
241 Newbury Street LLC
241 Newbury Street LLC
since 2025
6 recorded transactions
2025
$1.9M
2022
Price N/A
2020
Price N/A
2017
$800,000
2014
$675,000
1969
Price N/A
Zoning & alternative use
LI · Ipswich, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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