58 Main Street
- Price
- $1,095,000
- Building
- 5,419 sq ft
- Offices
- 17
- Occupancy
- ~85%
- Lot
- 0.34 ac
- Taxes
- $14,324/yr
Highlights
- Main Street, downtown Topsfield
- 17 professional office suites
- Approximately 85% occupied
- Established, long-term tenant mix
- Value-add: one space can become three offices
- Fits investors, owner-users and 1031 buyers
- Two attached condominiums, sold together
- Rent roll and pro forma available
About this property
A 5,419 square foot professional office property on Main Street in the center of Topsfield, a well-established North Shore town with low commercial vacancy.
The building is made up of two attached condominiums containing 17 office suites. Roughly 85% of the space is leased to a mix of legal, wellness, technology and personal-service tenants, many of them long-term. Three suites are currently available, and one of them can be reconfigured into three separate offices to add income.
With steady in-place income and room to grow it, the property suits an investor, an owner-user who wants to occupy part of the building, or a 1031 exchange buyer. A rent roll and stabilized pro forma are available on request.
Property details
- Property type
- Commercial office
- Structure
- 2 attached condominiums
- Building size
- 5,419 sq ft
- Office suites
- 17
- Occupancy
- Approx. 85%
- Suites available
- 3
- Lot size
- 0.34 acres
- Price per sq ft
- $202
- Annual taxes
- $14,324
- Financials
- Rent roll and pro forma on request
- MLS #
- 73579479
Location
Listed by Tristan Horan, RE/MAX Bentley's. Some photos have been digitally enhanced. Information is deemed reliable but not guaranteed and should be independently verified; buyers should confirm income, expenses and occupancy during due diligence.