$ 949,000
261-1 Washington Street Marblehead, MA 01945
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$ 949,000
Est. payment | /mo
$ 949,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73261361
Year Built 1900
Property Description
Wonderful opportunity for investors! $40K+ annual revenue from tenant, 6%+ cap rate. This is a commercial condo in prime downtown location with ample off-street parking. Sale is for the first floor condo-Unit 1, building only, with right to the basement. Current tenant manages successful restaurant. This unit has been owned by same owner for past 30+ years and has always been occupied by profitable and popular restauranteurs. This would be the ideal model for the next owner. This is a two unit condo association and second unit is on second floor and is a day spa separately owned. Showings only when restaurant is not open. Well managed and well maintained condo ready for you to become the new owner today.
Location
State MA
County Essex
Zoning BR
Direction 114 East to Lafayette St. to Pleasant St. to Washington St.-just before Atlantic Avenue intersection
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Others
Senior Community false
Listed by Sagan Harborside Sotheby's International Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "