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50 Market St - 50-56 Market Street, Ipswich, MA 01938

0.55 Acres of Commercial Land Offered at $1,100,000 in Ipswich, MA 01938

Commercial Land Massachusetts Ipswich 50 Market St, Ipswich, MA 01938

Investment Highlights

  • All approvals needed are in hand!
  • Fantastic investment opportunity!
  • Walking distance within downtown
  • Prime location!
  • Heavy daytime foot traffic

Executive Summary

The sewer structure on the plans next to Phase II is installed. The 2" sprinkler line is installed; there is a tee at the front corner of the existing building .The 4" electrical feed from the new transformer is installed to the back corner of the existing building. There are no requirements for the interior layout. Our plan was to put 2 bedrooms and 2 bathrooms on the 3rd floor. There is also an area that looks like a closet for an elevator option.

Attachments

Additional Property Info
Building Plans
Proforma

Property Facts

Price $1,100,000 Property Type Land
Sale Type Investment or Owner User Property Subtype Commercial
Sale Conditions Redevelopment Project Proposed Use Apartment Units - Condo
No. Lots 1 Total Lot Size 0.55 AC
Price $1,100,000
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units - Condo
Total Lot Size 0.55 AC

1 Lot Available

Lot

Price $1,100,000 Lot Size 0.55 AC
Price Per AC $2,000,000
Price $1,100,000
Price Per AC $2,000,000
Lot Size 0.55 AC

Description

**Fantastic Investment Opportunity in Downtown Ipswich!** Discover an incredible chance to develop a five-unit condominium complex in the heart of downtown Ipswich. This shovel-ready project comes with all necessary approvals in hand, making it an unbeatable opportunity for savvy investors and developers. Located just a stone's throw from the train station, this project offers unparalleled convenience for commuters. Residents will enjoy easy walkability to downtown restaurants, shops, and the renowned Crane Beach. Ipswich's prime location, not far from Boston, enhances its appeal for those seeking a balance between urban access and serene living. Ipswich is a highly desirable place to live, known for its vibrant community and excellent amenities. Don’t miss out on this prime development opportunity in one of the most sought-after areas! Contact us today to learn more.

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Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code CB (Central Business Zoning)
CB (Central Business Zoning)
(978) 992-4050

  • Listing ID: 32693329

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 50 Market St, Ipswich, MA 01938

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50 Market St, Ipswich, MA for sale Primary Photo- Image 1 of 3
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50 Market St - 50-56 Market Street, Ipswich, MA 01938
(978) 992-4050 x

50 Market St - 50-56 Market Street, Ipswich, MA 01938

Elizabeth Smith

(978) 992-4050

(978) 992-4050

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