Ipswich Office Space

Leasing and Buying Office Space

Ipswich is a small, vibrant community in Essex County. The town is one of the most historic in the Essex County region. Although the population is considerably lower than in some nearby towns, the area is bustling. The town features a diverse selection of commercial buildings including professional suites and private offices that are available for sale or lease. Many of the open spaces are in the high-traffic center of town. Zoning laws allow a variety of businesses to occupy the buildings that are constructed with large display windows that face Routes 133 and 3A. The reasonable rent in some of these buildings is at a base of $15 per square feet making them an attractive option for a variety of tenants. Prices can average between $790,000 and $1,500,000.

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Leasing and Buying Office Space

This Essex County community has commercial properties available for sale and lease. The listings in this town cover all available properties including those previously occupied by tenants that have outgrown their space and are moving to more spacious buildings. Some of the Class B properties were expended within the past 30 years, then wholly renovated with upgrades and attractive amenities. Some feature tracts of land that encompass 4 or more acres and have a lot of potential in terms of future expansion.

One of the options that investors search for is existing retail paces that have the potential to build out and utilize the buildings for mixed use. Prime locations for sale and lease properties are along the Turnpike Road (Route 11); one of the area's most high-traffic highways which gets a lot of beach traffic. The key is to find buildings with mixed-use zoning to incorporate retail and professionals spaces. Properties like this are selling for $5,900,000 or more.

Neighborhoods and Geographic Location

The coastal community is the locale of Sandy Point State Reservation and Willowdale State Forest. Crane Beach just to the north of Cape Ann, is a widespread conservation and recreation area consisting of a forest of pines, hiking trails, and four miles of oceanfront. The beach is a shoal or barrier beach that lies close to the Crane estate. Plum Island Sound and the Ipswich River come together at their source and run through a narrow channel at Sandy Point and Castle Island.

Town conservation areas, the Crane Wildlife Refuge and Parker River Wildlife Refuge are among the many green spaces. The water runs into Ipswich Bay which empties into the Atlantic Ocean. This town features a land mass of 32.1 square miles with 10.4 miles covered by water. The town is partially responsible for the management of Plum Island, which features a small village and has a variety of businesses.

Leasing Office Space

Two of the most significant features of the spaces available for lease in this community is their location in or near the central business district and the elaborate architecture of many of the buildings that date back to the early 1900s. Buildings from that era were constructed with elegant exteriors and open floor plans. One of the attractions of these older conversions is that they feature storefront-style windows on the first level, making them ideal for retail businesses and professional offices on the upper floors.

Investors with insight on how to best put these properties to use can take advantage of the mixed-use buildings on the market that incorporate on-site storage. Buildings constructed during the 1980s feature lease spaces with a square footage of 550 and a price of $8.73. Storefront retail or offices can lease for $20 PSF. Leasing half of an owner-occupied building may be an option.

Buying Office Space

Since this is a small community, there aren't as many large office buildings on the market. However, you can find excellent deals. High traffic areas like Route 1A, close to existing retail businesses are attractive options for investors searching for properties in the $695,000 price range. The Newburyport/Rockport Commuter Rail Line has a station in a central location, with shuttle service available on weekends.

Listing Office Space For Lease and Sale

You can get information on all the prime properties for lease or sale in this community when you sign up for updates from Boston City Properties. We have the most comprehensive database of commercial properties from all over Massachusetts. When you sign up for access to all our listings, you can set up filters to find information on the most relevant properties.

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