Mixed Use Commercial/ Apartment Property - Topsfield

50 Main Street Topsfield, MA 01983

50 Main Street, Topsfield, MA, 01983
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$930,000
Last Verified:
Mar 02, 2023

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Highlights

  • Mixed-Use Commercial/ Apartment Opportunity
  • Two Commercial Spaces, Two Apartments
  • Located in Beautiful Topsfield
  • Value Add Investment Possible

Description

Mixed Use Investment Opportunity available for sale in Topsfield. This condominium property has four rental spaces- two apartments and two commercial and is appropriate for owner-occupied use or as a value add investment vehicle, as possibilities may exist to further condominiumize into three or four individual units. The property is located in the heart of Topsfield, a quintessential New England town.

The first floor consists of office space in the front area, which could possibly be split in two, plus a separate space currently housing a small gym in the rear. The two-bedroom apartment currently has tenants and the owner currently utilizes office space.

All details were obtained from the owner & public records, prospective buyers are encouraged to perform due diligence on measurements, condition, permits, and suitability for their intended use.

Well situated in Topsfield Village


Year Built: 1890
Building Size: 3269sq ft
Building Class: B
Lot Size: 0 acres


Map of 50 Main Street, Topsfield, MA, 01983

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.