An Opportunity Zone value add mixed-use opportunity! The Lantern Cafe has been a fixture in Haverhill for over 40 years and is ready to turn the reigns over to a new owner or a developer with vision. This local bar is licensed for 55 capacity with 16 at the bar. In addition to the street-level bar, there is a two-bedroom apartment above. This is located in Opportunity Zone 2608, which may offer incentives for redevelopment. The 2,370sf structure is situated on a .048-acre lot in the commercial zone, which allows many uses by right or exception. A 660sf basement not included in the stated square footage is currently used for storage. Close to bus & train terminals and public parking lots. All furniture, fixtures, and equipment are included in the sale as well as all transferrable licenses. All information was obtained from the seller and public records, prospective buyers are encouraged to perform all due diligence necessary for their contemplated acquisition.
Mls | 73267870 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1900 |
Days On Site | 137 |
Listing Provided By | Keller Williams Realty | Lauren DeFrancesco |
Baths | 2 |
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Sq Feet | 2,370 |
Zoning | CI |
Acreage | 0.05 |
State | MA |
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County | Essex |
City | Haverhill |
Zip Code | 01832 |
Area | Essex |
Listing VS Median (in 01832) | |
Price: $750,000 low | high Med: $454,900 SqFt: 2,370 low | high Med: 1,032 $ / SqFt: $316 low | high Med: $441 On Site: 137 low | high Med: 44.000000 |