Listed by Herrick Lutts Commercial
$835,000
41 S Main Street Ipswich, MA
Details
Property Type Industrial, Retail
Sub Type Storefront
Square Footage 6,480
Cap Rate 5.99%
NOI $49,986
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 5.05%
Pro-Forma NOI $42,146
Price per SqFt $129
Buildings 1
Stories 1
Lot Size (SqFt) 7,260
Zoning CB
Investment Type Owner/User
Multi-Tenant Retail Asset | Prime Main Street Visibility | Strong In-Place Income
Marketing description
Prime downtown Ipswich retail investment opportunity. 41 South Main Street is ideally located in the heart of Ipswich, overlooking the Ipswich River and surrounded by established local businesses, restaurants, and consistent foot traffic. The property consists of three retail units, offering a strong opportunity for investors seeking a multi-tenant asset in a highly desirable location. With existing leases in place, the property provides immediate income and long-term upside potential through future rent growth and tenant positioning. Its prominent Main Street frontage, visibility, and proximity to Route 1A and the Ipswich MBTA commuter rail make this an attractive location for both tenants and investors alike.
Investment highlights
- Prime downtown Ipswich location with strong foot traffic
- Multi-tenant retail asset (3 units)
- Established tenant base with existing leases in place
- Immediate, stable income with long-term upside potential
- Prominent Main Street frontage with excellent visibility
- Overlooks the Ipswich River, enhancing tenant appeal
- Walkable to restaurants, shops, and local amenities
- Strong demand for retail space in the Ipswich market
- Convenient access to Route 1A and MBTA commuter rail
- Ideal for investors seeking a core asset in a high-demand North Shore location
Listing Contacts
Listed by Herrick Lutts Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,986.00
$4,165.50/mo
Valuation Metrics
0
DSCR
5.99%
Cap Rate
5.99%
ROI
Map
Zoning
CB CommercialCore CommercialCentral Business
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View all 128 uses Last updated Jun 10, 2026 For deeper zoning details, reports are available at Zoneomics
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