- Properties

37 photo(s)

Topsfield, MA 01983

New List Price $1,095,000 MLS # 73579479 - Commercial/Industrial

Type	Commercial Sale	# Units	1	Lot Size	14,990SF
Sq. Ft.	5,419	Water Front	No

Exceptional opportunity to own two attached condominiums, comprised of 17 total office spaces. This
commercial investment in the heart of downtown Topsfield is set on high-visibility Main Street in
one of the North Shore's most affluent, low-vacancy communities. This approximately 5,419 square
foot office property offers stable in-place income with substantial room to grow. The property is
approximately 85% occupied by a diversified, professional tenant base, including psychology, legal,
technology, wellness, and personal-service businesses, many of them long-term. All tenancies are
at-will, giving a new owner rare flexibility to reposition the rent roll and move rents to market on
a short timeline. Herein lies the upside: rents have not been increased in years and sit well below
market, and threeunits are available now, one of which can be reconfigured into three separate
offices to maximize income. With light management and a proactive leasing strategy, an investor can
meaningfully lift NOI. Detailed rent roll and stabilized pro forma available upon request. Ideal for
a value-add investor, owner-user seeking to occupy while collecting income, or a 1031 exchange buyer
looking for a well-located North Shore asset with a clear path to appreciation. Strong pedestrian
access, established foot traffic, and durable demand for small professional suites round out a
compelling offering. Don't miss this opportunity to acquire a landmark Main Street property with
immediate income and long-term growth

Listing Office: RE/MAX Bentley's, Listing Agent: Tristan Horan
View Map