About This Home
This 0-bedroom, 5-bathroom commercial at 414 Boston St in Topsfield, MA is listed for $1,400,000 ($277 per sqft). Built in 1979, the home offers 5,053 sqft of living space on a 0.70 acres lot.
Key Features
- Built in 1979
- 0.70 acre lot
Property Details
RARE MIXED-USE OPPORTUNITY ON ROUTE 1 IN TOPSFIELD! Be your own boss, generate rental income, and potentially live on-site at this versatile property located in the Business Park District with outstanding Route 1 frontage, visibility and signage. The property offers multiple income-producing components, including a free-standing Italian/pizza restaurant plus flexible residential and commercial space.
The property is subdivided and separately metered for up to four individual tenant spaces, creating tremendous flexibility for an owner-user, investor, restaurateur or entrepreneur. The restaurant offers an established layout with spacious dining areas, customer service/counter space, commercial kitchen and prep areas, refrigeration, stainless-steel equipment and a wood-fired pizza oven.
Take advantage of the existing restaurant infrastructure and create your own Italian restaurant, pizzeria, cafe or other concept. An outdoor seating area provides additional possibilities. Beyond the restaurant, the property can accommodate two residential apartments, or one residential apartment plus an office/commercial retail space, providing flexibility to tailor the property to your business and investment strategy.
Operate your business while collecting rental income, potentially live on-site, utilize the additional space for your own office or retail operation, or explore other configurations permitted by zoning. Situated on approximately 0.70 acres with approximately 467 feet of frontage, the property offers substantial on-site parking with approximately 50 spaces and excellent exposure along heavily traveled Route 1.
Improvements include newer gas-fired rooftop HVAC units, rubber roofing, natural gas and public water. The combination of restaurant space, flexible residential/commercial units, parking, visibility and existing infrastructure makes this a unique opportunity for investors and owner-operators alike. Bring your business, your investment strategy and your vision. Work here, invest here and potentially live here-the opportunities are endless at 414 Boston Street!
Monthly Cost Estimate
$7,487/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
414 Boston St
Topsfield, MA 01983
Questions & Answers
This 0-bedroom, 5-bathroom commercial at 414 Boston St is listed at $1,400,000 ($277/sqft). The estimated monthly payment is $7,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1979, 0.70 acre lot.
This property is listed by Jennifer Hoyt and can be reached at (508) 695-4545.