Active

2 Days on market

140 High Street Ipswich — Photo 1 of 33

$1,200,000

140 High Street, Ipswich, MA 01938

Ipswich, MA 01938

Beds

Baths

1.5

SqFt

1,615

Style

Single Family

Built

1955

Rare commercial development opportunity on highly traveled Route 133! Positioned directly between Ipswich High/Middle School and the primary Ipswich Shopping Plaza, this prime approx. 1-acre lot (43,400 sq ft) offers high-visibility, exceptional traffic counts, and constant daily exposure. Zoned Highway Business (HB), the site boasts flexible development possibilities including multi-family, condominium, retail, and mixed use. Allowed Uses under Ipswich HB Zoning include Medical & Professional: Urgent care, dental clinics, banks, real estate, legal, and corporate offices. Other potential uses include Restaurants/cafes with indoor seating, Hotels/Motels, and Mini-storage warehouses Capitalize on a captive customer base generated by local school traffic, shoppers, and North Shore commuters. Easy access to Route 1 and Downtown Ipswich. Buyer to complete standard due diligence with Town Planning Board regarding specific site plans. Exceptional potential in a premier location!

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$743/sqft

Local Avg (Ipswich)$533/sqft

39% AboveMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Ipswich, MA.

Financials

Original Price$1,200,000

Annual Taxes$7,246

Parking

Garage2

Off-Street6

Interior Specifications

Total Rooms7

Fireplaces1

Flooring--

BasementFull, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Oil

CoolingNone

WaterPublic

SewerPrivate Sewer

Building & Exterior

Construction--

Roof--

FoundationConcrete Perimeter

ZoningHB

Property & Lot

Acres1

SqFt Lot43,400

Lot FeaturesLevel

Neighborhood

Shopping

Geography

Property History

Listed

$1,200,000

Sep 14, 2026

MLS® 73576902

Listed

$1,200,000

Sep 14, 2026

MLS® 73576908

Population

13,930

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$139K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

25.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 808 sq ft (the lesser of 900 sq ft or half the 1,615 sq ft principal dwelling). Lot size: 43,400 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Ipswich, MA market report ZIP 01938 market data

Listing Provided By

Listing Agent: Linda C. Szydlo

Listing Office: Churchill Properties

MLS® Number: 73576902