59 Tpke Rd Ipswich, MA 01938-1048
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
LI · Ipswich, MAIpswich. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.