57 East Street Ipswich, MA
Mixed Use | 2,419 SqFt
Marketing description
Opportunities like this do not come on the Market often!! Here is your chance to own a Piece of Ipswich 1909 History -Continued Use as a Neighborhood Bakery/Restaurant/Convenience Store/Retail - a short distance to the Ipswich River. The Second Floor is a Two-Bedroom, One-Bath, large Living Room/Dining Room Apartment with a Private Entrance. The first floor is a Professional Industrial Kitchen, fully equipped for High-Volume Food Service—currently a Bakery serving lunch and dinner. Equipment sold separately. Ipswich River Boat Launch and Park are moments away. The 342 sq. ft. Out-Building was once used as a bait shop and is now used for extra storage. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Multi-Family Residential Rentals.
Second floor Residential is a Two Bedroom, Tenant at Will, paying well Under Market Rent
Investment highlights
Potential to convert to 100% Multi-Family Residential Rentals. Use as a Neighborhood Bakery/Restaurant/Convenience Store/Retail Package Store - Wine and Malt beverages - a short distance to the Ipswich River. The Second Floor is a Two-Bedroom, One-Bath, large Living Room/Dining Room Apartment with a Private Entrance. The first floor is a Professional Industrial Kitchen, fully equipped for High-Volume Food Service—currently a Bakery serving lunch and dinner. Ipswich River Boat Launch and Park are moments away. The 342 sq. ft. Out-Building was once used as a bait shop.
Second floor Residential is a Two Bedroom, Tenant at Will paying well Under Market Rent
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