$953.24 Per Sq Foot $5,363 est/mo Sourced by Back At You

261-1 Washington Street,Marblehead, MA 01945

Marblehead MA, 01945

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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.

Details

MLS#73261361
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site14
Listing Provided BySagan Harborside Sotheby's International Realty | Lynne Breed
Buying Commision2.0%

Features

Bath(s)3
SQ Feet1,048
ZoningBR

Market Activity 01945

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Learn More About This Property

StateMA
CountyEssex
CityMarblehead
Zip Code01945
AreaEssex
Listing VS Median (in 01945)
Price:
$999,000
low | high
Med:
$799,950
69.924924924925% of Average
SqFt:
1,048
low | high
Med:
2,122
52.480916030534% of Average
$ / SqFt:
$953
low | high
Med:
$377
100% of Average
On Site:
14
low | high
Med:
38.000000
36.842105263158% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 3:21:44 AM PDT