$2,200 / 1200ft2 - Retail / Office Space for Lease - Unit 1 (Ipswich, MA)

Front Retail / office space is available for lease. Property was formerly occupied by the Ipswich Clambake Restaurant. All commercial restaurant equipment has been removed and the space has been divided into 3 units. Unit for lease is Unit 1, first floor front of the building. Located on a busy stretch of Rte 133 / Rte 1A. The property offers approximately 1,200 SF of retail/office space on the 1st floor with a private restroom. Construction will be needed to beautify and repair the space as all commercial restaurant equipment has been removed. Lease price, terms and improvements to be negotiated. However my initial thoughts are: A triple net lease at a price of $16/sft plus allocations. When you add allocated insurance, maintenance and taxes it comes out to around $2200 per month . Tenant is responsible for their own electric. If the water usage is intensive then we may remove water from the allocated expenses and meter it separately. Tenant responsible for internal construction costs. A lot of details to work out, but that is the general idea.