430 Boston StTopsfield, MA 01983

Property Details for 430 Boston St

Year built

1986

Construction

STEEL FRAME

Property size (Sq ft)

995 SF

Zone code

BP

Property type

Office properties

Property subtype

Other office properties

APN

TOPS M:0012 B:0020 L:430E

APU

TOPSM0012B0020L430E

Description

This exceptional 2,000 square foot commercial unit is situated on the second floor of a meticulously maintained professional office building within the Topsfield Office Park. Located at 430 Boston St, Topsfield, MA, this space boasts a highly desirable location with excellent visibility and convenient access from Old Route 1 and Boston Street. The unit features a flexible, open floor plan, making it perfectly suited for a variety of businesses, particularly those seeking a serene and inspiring environment. Imagine a yoga studio or similar venture thriving in this space, complemented by the picturesque outdoor areas available for tenant use. The interior comprises one large open area, two private offices, two half bathrooms, and a convenient kitchenette, offering versatility to accommodate diverse business needs. The building itself is in excellent condition and equipped with a comprehensive sprinkler system, ensuring both safety and comfort for occupants. Ample on-site parking is provided for tenants and visitors. The strategic location offers easy access to major roadways, including Route 95, Route 97, and Route 133, providing seamless connectivity to the entire North Shore of Boston and beyond. This is a rare opportunity to secure a prime commercial space in a thriving location with high traffic and visibility. The asking price is $2287.

• CAP approach

  CAP return

  Valuation

  6%

  $164,503

  6.5%

  $151,849

  7%

  $141,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,007

  Geo Method

  $130,007

• Alternative Use

  Use

  Valuation

  Residential

  $188,293

  Hospitality

  $172,475

  Educational

  $143,497

  Medical

  $148,433

  Retail

  $223,218

Location Insight

City

Topsfield

County

Essex

State

Massachusetts

Latitude

42.6592

Longitude

-70.9324

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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