58 Main Street

About this home

Exceptional opportunity to own two attached condominiums, comprised of 17 total office spaces. This commercial investment in the heart of downtown Topsfield is set on high-visibility Main Street in one of the North Shore's most affluent, low-vacancy communities. This approximately 5,419 square foot office property offers stable in-place income with substantial room to grow. The property is approximately 85% occupied by a diversified, professional tenant base, including psychology, legal, technology, wellness, and personal-service businesses, many of them long-term. All tenancies are at-will, giving a new owner rare flexibility to reposition the rent roll and move rents to market on a short timeline. Herein lies the upside: rents have not been increased in years and sit well below market, and threeunits are available now, one of which can be reconfigured into three separate offices to maximize income. With light management and a proactive leasing strategy, an investor can meaningfully lift NOI. Detailed rent roll and stabilized pro forma available upon request. Ideal for a value-add investor, owner-user seeking to occupy while collecting income, or a 1031 exchange buyer looking for a well-located North Shore asset with a clear path to appreciation. Strong pedestrian access, established foot traffic, and durable demand for small professional suites round out a compelling offering. Don't miss this opportunity to acquire a landmark Main Street property with immediate income and long-term growth

Property details

Parking

Deeded