30 Main StTopsfield, MA 01983

  • Other commercial real estate
  • 3.59 AC
For Sale

Property Details for 30 Main St

Lot size
3.59 AC
Zone code
BV
Property type
Other commercial real estate
APN
TOPS M:0040 B:0074 L:
APU
TOPSM0040B0074L

Description

This exceptional 3,900 square foot commercial property, located at 30 Main Street in Topsfield, Massachusetts, presents a unique investment opportunity. Situated in the town's Central Business District, this former bank branch boasts a prime location just one mile from the renowned Topsfield Fairgrounds, ensuring high visibility and accessibility. The building features a well-designed layout, ideal for a variety of uses. The first floor comprises a spacious reception/waiting area, teller stations (easily adaptable), partitioned offices, and a private office, perfect for client interaction and administrative functions. Upstairs, the second floor offers a versatile conference room, ample storage space, a convenient kitchenette, a dedicated IT room, restrooms, and additional private offices, providing flexibility for various business needs. The property sits on a generous 3.59-acre lot, offering significant potential for expansion or outdoor amenities. Convenient parking is readily available in the adjacent Topsfield Village Shopping Center's lot (under the same ownership), supplemented by plentiful street parking. Estimated Net, Net, Net (NNN) charges are projected to be between $4.00 and $5.00 per square foot. The property's adaptability makes it suitable for a wide range of businesses, including but not limited to banks, credit unions, restaurants, and various retail and service operations. This is a rare opportunity to acquire a substantial commercial property in a thriving Topsfield location. The asking price is $14,000,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,593,212
    Hospitality
    $27,107,224
    Educational
    $22,552,892
    Medical
    $23,328,520
    Retail
    $35,082,276
30 Main St, Topsfield, Massachusetts

Location Insight

City
Topsfield
County
Essex
State
Massachusetts
Latitude
42.6394
Longitude
-70.9516
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$44,577
$757,300
$2,277,200
$3,034,500
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FAQs

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