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$ 1,400,000
Est. payment | /mo
5,053 SqFt
$ 1,400,000
Est. payment | /mo
5,053 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,053 sqft
Price per Sqft $277
MLS Listing ID 73583055
HOA Y/N false
Year Built 1979
Annual Tax Amount $11,806
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Property Description
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, café 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!
Location
State MA
County Essex
Zoning BP
Direction Boston Post Road is Route 1
Exterior
Utilities Available Natural Gas Available
Others
Senior Community false
Listed by Keller Williams Elite
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